Category: Economy

  • MIL-OSI: Occidental to Announce Second Quarter Results Wednesday, August 6, 2025; Hold Conference Call Thursday, August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) will announce its second quarter 2025 financial results after close of market on Wednesday, August 6, 2025, and will hold a conference call to discuss the results on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central.

    The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10200631/ff63fe0694.

    Second quarter 2025 financial results will be available through the Investor Relations section of the company’s website. A recording of the webcast will be posted on the website within several hours after the call is completed.

    About Occidental

    Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas, and includes our Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. We are dedicated to using our global leadership in carbon management to advance a lower-carbon world. Visit Oxy.com for more information.

    Contacts

    The MIL Network

  • Starmer wins vote on UK welfare reform but suffers damaging rebellion

    Source: Government of India

    Source: Government of India (4)

    British Prime Minister Keir Starmer won a vote on his welfare plans on Tuesday at significant political cost as he suffered the biggest parliamentary rebellion of his premiership and was forced to back down on key parts of the package.

    After his lawmakers pushed him into a series of embarrassing U-turns to sharply scale back plans to cut benefits, lawmakers in the House of Commons gave their initial approval to a package of measures Starmer says are vital to securing the future of the welfare system.

    But the scale of the rebellion – with 49 Labour lawmakers voting against the reforms – underlined the prime minister’s waning authority.

    A year after winning one of the largest parliamentary majorities in British history, Starmer has seen his personal approval ratings collapse and been forced into several policy reversals by his increasingly rebellious lawmakers.

    It’s been a bumpy time tonight,” work and pensions minister Liz Kendall told reporters after a session of parliament when lawmakers took turns to mostly criticise the planned changes. “There are definitely lessons to learn from this process.”

    Starmer came into office last year promising his big parliamentary majority would bring an end to the political chaos that defined much of the Conservative Party’s 14 years in power. But the revolt over the welfare bill underlines the difficulty he has pushing through unpopular changes.

    In the run-up to the vote, ministers and party enforcers known as “whips” had been locked in frantic last-ditch lobbying of undecided members of parliament to try to win their backing.

    In a further concession to rebels about two hours before the vote, the government said it would not finalise changes in eligibility for a key benefit payment until a review into the welfare system had been completed.

    Paula Barker, a Labour member of parliament, called the attempt to pass the plans “the most unedifying spectacle that I have ever seen”.

    In the end, the government suffered by far the biggest rebellion of Starmer’s premiership, eclipsing the 16 members of parliament who opposed an infrastructure bill earlier this month.

    Mel Stride, the opposition Conservative Party finance policy chief, described Starmer’s team as “a government that’s lost control”, only able to pass the legislation by having “ripped the heart of it out”.

    Labour lawmaker Henry Tufnell said by agreeing to the concessions Starmer had shown “he’s willing to take on board these criticisms that people have raised.”

    Almost 90 disability and human rights groups before the vote urged lawmakers to vote down the legislation.

     

    RISING COSTS

    The proposed reforms are designed to reduce the cost of Britain’s growing welfare bill, which the government has described as economically indefensible and morally wrong.

    Annual spending on incapacity and disability benefits already exceeds the country’s defence budget and is set to top 100 billion pounds ($137 billion) by 2030, according to official forecasts, up from 65 billion pounds now.

    More than half of the rise in working-age disability claims since the COVID-19 pandemic relates to mental health conditions, according to the Institute for Fiscal Studies think-tank.

    The government had initially hoped to save 5 billion pounds ($6.9 billion) a year by 2030 by tightening rules for people to receive disability and sickness benefits.

    But after the government conceded to pressure from its lawmakers, it said the new rules would now apply only to future applicants, not to the millions of existing claimants as had been proposed. Analysts estimated the savings would likely be closer to 2 billion pounds.

    It was not clear how the additional last-minute change would impact the hoped-for savings in the welfare reform package.

    Opposition politicians said the government would now have to raise taxes or cut government spending elsewhere to balance the public finances in the annual budget later this year.

    The government has said there would be no permanent increase in borrowing, but has declined to comment on possible tax rises.

    While Starmer is under no immediate threat, and the next election is not expected until 2029, his party now trails behind Nigel Farage’s populist Reform UK in opinion polls.

    John Curtice, Britain’s most respected pollster, said this week that Starmer was the most unpopular elected prime minister in modern British history, and that voters still did not know what he stood for a year after he was elected.

    -Reuters

  • MIL-OSI USA: Senator Wicker Statement on Senate-Passed Reconciliation Bill

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – Senator Roger Wicker, R-Miss., released the following statement upon the Senate’s passage of the reconcillation bill.

    “The Senate-passed reconciliation bill is an investment in the future of the United States. Through this legislation, the Senate secured a down payment on a generational upgrade for our nation’s defense capabilities. Many of the key provisions of the Tax Cuts and Jobs Act will be cemented and expanded. This will stimulate the economy and benefit job creators across the country. Additionally, this legislation will help secure the southern border and unleash American energy production. I encourage my colleagues in the House of Representatives to pass this bill and deliver on the promises we made to the American people in November.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Collins’ Statement on the Senate Reconciliation Bill

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. – U.S. Senator Susan Collins issued the following statement after her vote against passage of the Senate Reconciliation Bill:

    “I strongly support extending the tax relief for families and small businesses. My vote against this bill stems primarily from the harmful impact it will have on Medicaid, affecting low-income families and rural health care providers like our hospitals and nursing homes. 

    “The Medicaid program has been an important health care safety net for nearly 60 years that has helped people in difficult financial circumstances, including people with disabilities, children, seniors, and low-income families. Approximately 400,000 Mainers – nearly a third of the state’s population – depend on this program. Certainly, there are improvements that should be made to the Medicaid system. For example, I support work requirements for able-bodied adults who are not raising young children, who are not caregivers, or attending school. However, a dramatic reduction in future Medicaid funding, an estimated $5.9 billion in Maine over the next 10 years, could threaten not only Mainers’ access to health care, but also the very existence of several of our state’s rural hospitals.

    “This bill has additional problems. The tax credits that energy entrepreneurs have relied on should have been gradually phased out so as not to waste the work that has already been put into these innovative new projects and prevent them from being completed. The bill should have also retained incentives for Maine families who choose to install heat pumps and residential solar panels. 

    “I am pleased that the bill contains a special fund that I proposed to provide some assistance to our rural hospitals, but it is not sufficient to offset the other changes in the Medicaid system. While I continue to support the tax relief I voted for in 2017, I could not support these Medicaid changes and other issues.

    MIL OSI USA News

  • MIL-OSI USA: Warren, Wyden, Sanders, Gillibrand Demand Answers on “Reckless” AI Tool Rollout at SSA

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    July 01, 2025

    Reporting revealed AI program delayed Social Security retirement claims processing by 25 percent

    “We are concerned that SSA will make even bigger mistakes in incorporating AI into higher-risk tasks, particularly in roles that could jeopardize Americans’ financial security.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, Bernie Sanders (I-Vt.), and Kirsten Gillibrand (D-N.Y.) sent a letter to  Social Security Administration (SSA) Commissioner Frank Bisignano, demanding answers on the reckless installation of artificial intelligence (AI) into SSA’s phone systems, which have blocked people from accessing their earned Social Security benefits—all while leaving Congress, advocates, and the American people in the dark.  

    “This lack of communication from your agency undermines its efforts to improve services by sowing chaos and confusion, which breeds distrust in the agency and its leadership,” wrote the senators.

    SSA is rushing to incorporate a new AI tool into its national 1-800 number and the phone systems of 1,200 field offices—without having sought input from advocates, Congress, or the American people. SSA made this rash decision just a month after it was forced to abandon its fraud-detection AI chatbot, which slowed claims processing by 25%—and found that fraud is essentially non-existent. 

    The senators emphasized that the Trump administration failed to develop comprehensive AI policies and follow basic IT guidelines. Under previous SSA Commissioner O’Malley, the agency developed policies that would foster Americans’ trust in SSA’s use of AI. 

    “As the Senate committee with jurisdiction over the Social Security and SSI programs, we have a responsibility to ensure SSA pays the right benefit amount to the right person at the right time, provides the public with the level of customer service they expect, and is a responsible steward of taxpayer dollars, including overseeing SSA’s development and adoption of emerging technology like AI,” concluded the senators.

    To further understand how SSA will change its reckless actions of implementing AI systems without consultation, the senators requested answers to the following questions by July 18, 2025:

    1. Please provide a detailed description of the new AI-based chatbot, including how it determines whether it has successfully answered a caller’s questions before hanging up? 

    2. What metrics is SSA using to determine whether this AI-based chatbot is successful at improving service delivery at the national 1-800 number?

    3. What metrics did SSA use to evaluate the successes or challenges of this AI-based chatbot before rolling it out nationwide to field offices?

    4. What stakeholders, especially those who represent beneficiaries and employees, were consulted pre- and post-deployment of this AI-based chatbot?

    5. Is SSA planning to procure, develop, or implement any new AI systems this year? If so, please list and provide a detailed description of these AI systems, their expected implementation dates, how they are expected to improve service delivery, and what steps SSA will be taking to prevent disruptions to services during the transition. 

    MIL OSI USA News

  • MIL-OSI USA: Four Family Members Charged in Multimillion-Dollar Tax Refund Fraud Scheme

    Source: US State of California

    A federal grand jury in Fort Worth, Texas, returned an indictment on June 11, unsealed yesterday, charging four family members with conspiracy to defraud the United States by filing tax returns that sought millions of dollars in false refunds.

    The following is according to the indictment: beginning in 2016, David Hunt, of Arlington, Texas, his twin sons Brandon Hunt and Baylon Hunt, also of Arlington, and Brandon and Baylon’s half-brother Corey Burt, of Mississippi, allegedly conspired to file false tax returns in the name of purported trusts that sought over $8.5 million in tax refunds that the trusts were not entitled to receive. Brandon Hunt also filed a false return in his own name. Collectively, the defendants allegedly received over $1 million from the IRS based on those false tax returns.

    Brandon and Baylon Hunt also allegedly submitted additional fake documents to the IRS as part of their scheme, including falsified financial instruments and altered money orders. The indictment further alleges that they shared in the proceeds of their fraud by transferring money between themselves. The defendants also allegedly used the refunds to purchase luxury goods, cryptocurrency, and real estate.

    Each defendant was charged with conspiracy as well as aiding and assisting in the preparation of tax returns. If convicted, each defendant faces a maximum penalty of five years in prison on the conspiracy charge and a maximum penalty of three years in prison for each count of aiding and assisting in the preparation of a false tax return. The defendants also face a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General for Criminal Karen E. Kelly of the Justice Department’s Tax Division and Acting U.S. Attorney Nancy Larson of the Northern District of Texas made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys Melissa Siskind and Daniel Lipkowitz of the Tax Division and Assistant U.S. Attorney Matthew Weybrecht for the Northern District of Texas are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI Security: Four Family Members Charged in Multimillion-Dollar Tax Refund Fraud Scheme

    Source: United States Attorneys General

    A federal grand jury in Fort Worth, Texas, returned an indictment on June 11, unsealed yesterday, charging four family members with conspiracy to defraud the United States by filing tax returns that sought millions of dollars in false refunds.

    The following is according to the indictment: beginning in 2016, David Hunt, of Arlington, Texas, his twin sons Brandon Hunt and Baylon Hunt, also of Arlington, and Brandon and Baylon’s half-brother Corey Burt, of Mississippi, allegedly conspired to file false tax returns in the name of purported trusts that sought over $8.5 million in tax refunds that the trusts were not entitled to receive. Brandon Hunt also filed a false return in his own name. Collectively, the defendants allegedly received over $1 million from the IRS based on those false tax returns.

    Brandon and Baylon Hunt also allegedly submitted additional fake documents to the IRS as part of their scheme, including falsified financial instruments and altered money orders. The indictment further alleges that they shared in the proceeds of their fraud by transferring money between themselves. The defendants also allegedly used the refunds to purchase luxury goods, cryptocurrency, and real estate.

    Each defendant was charged with conspiracy as well as aiding and assisting in the preparation of tax returns. If convicted, each defendant faces a maximum penalty of five years in prison on the conspiracy charge and a maximum penalty of three years in prison for each count of aiding and assisting in the preparation of a false tax return. The defendants also face a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General for Criminal Karen E. Kelly of the Justice Department’s Tax Division and Acting U.S. Attorney Nancy Larson of the Northern District of Texas made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys Melissa Siskind and Daniel Lipkowitz of the Tax Division and Assistant U.S. Attorney Matthew Weybrecht for the Northern District of Texas are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI: Nasdaq Announces the Board of Directors of its U.S. Exchanges

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq MRX, LLC, and Nasdaq GEMX, LLC:

    • Kathlyn Card Beckles, Chief Legal Officer, Verisk Analytics, Inc.
    • Michael J. Curran, Retired Chairman and CEO, Boston Stock Exchange
    • Anne Marie Darling, Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer, Barclays
    • Kevin Kennedy, EVP, North American Markets, Nasdaq
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Anita Lynch, Former Chief Data Officer, New Relic, Inc.
    • David Rosato, Chief Financial Officer & Treasurer, Eastern Bancshares
    • Andrew J. Schultz, Head of Strategic Options Business, The Susquehanna International Group of Companies
    • Elizabeth Wideman, SVP and Senior Deputy General Counsel, Comcast Corporation
    • Thomas A. Wittman, Retired EVP and Head of Global Trading and Market Services, Nasdaq

    For further governance information, visit: http://ir.nasdaq.com/corporate-governance/nasdaq-stock-market/board-of-directors.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Media Relations Contact:

    Chris Hayden
    +1.301.523.5829
    Christopher.Hayden@nasdaq.com

    Investor Relations Contact

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Nasdaq Announces the Board of Directors of its U.S. Exchanges

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq MRX, LLC, and Nasdaq GEMX, LLC:

    • Kathlyn Card Beckles, Chief Legal Officer, Verisk Analytics, Inc.
    • Michael J. Curran, Retired Chairman and CEO, Boston Stock Exchange
    • Anne Marie Darling, Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer, Barclays
    • Kevin Kennedy, EVP, North American Markets, Nasdaq
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Anita Lynch, Former Chief Data Officer, New Relic, Inc.
    • David Rosato, Chief Financial Officer & Treasurer, Eastern Bancshares
    • Andrew J. Schultz, Head of Strategic Options Business, The Susquehanna International Group of Companies
    • Elizabeth Wideman, SVP and Senior Deputy General Counsel, Comcast Corporation
    • Thomas A. Wittman, Retired EVP and Head of Global Trading and Market Services, Nasdaq

    For further governance information, visit: http://ir.nasdaq.com/corporate-governance/nasdaq-stock-market/board-of-directors.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Media Relations Contact:

    Chris Hayden
    +1.301.523.5829
    Christopher.Hayden@nasdaq.com

    Investor Relations Contact

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Eos Energy Announces Second Funding Under Its Department of Energy Loan Guarantee to Fuel U.S. Battery Manufacturing Capacity Expansion

    Source: GlobeNewswire (MIL-OSI)

    TURTLE CREEK, Pa., July 01, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS) manufactured in the United States, today announced that it has received its second loan advance from the Department of Energy’s (DOE) Loan Programs Office in the amount of $22.7 million. With this advance, the Company has fully drawn the maximum allowable amount under the first tranche of $90.9 million in connection with the completion of its first state-of-the-art manufacturing line.

    The loan advance covers 80% of eligible costs, incurred as part of the Company’s production expansion plans related to Project AMAZE. These funds support Eos’ ongoing efforts to expand its operational capacity to meet growing customer demand and further its strategic growth objectives.

    “Production volumes at our first state-of-the-art manufacturing line are growing every week as we progress toward realizing the full 2 GWh capacity on Line 1,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “The loan proceeds from the DOE, which follow the recently upsized convertible notes and common stock offerings, continue to strengthen our financial position and position us to scale U.S. production, and advance the build out of our second state of the art manufacturing line.”

    To support 6 GWh in recently signed MOU’s that are expected to convert to purchase orders along with rising demand for “buy American”, “build American” solutions, Eos is scaling to meet the growing needs of AI-driven load growth, data centers, and safety conscious storage markets. Eos’ flexible discharge capability – supporting partial, multiple, and long-duration cycling—is ideally suited to match the complex demands of the largest power users in the world.

    In response, Eos has submitted a purchase order for its second state-of-the-art manufacturing line, marking a key step in expanding U.S. production and delivering safe, reliable long-duration energy storage for its customers.

    The DOE funding builds on Eos successfully closing $336 million in concurrent offerings of common stock and convertible senior notes, which significantly restructured the Company’s balance sheet, lowered its cost of capital, and fueled its ability to grow U.S.-based operations. With this financing, Eos is executing on its long-term strategy: building a robust domestic supply chain, scaling next-generation U.S. battery manufacturing, and creating high-quality American jobs.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, secure, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 4 to 16+ hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts        
    Investors: ir@eose.com
    Media: media@eose.com

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network

  • MIL-OSI: Eos Energy Announces Second Funding Under Its Department of Energy Loan Guarantee to Fuel U.S. Battery Manufacturing Capacity Expansion

    Source: GlobeNewswire (MIL-OSI)

    TURTLE CREEK, Pa., July 01, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS) manufactured in the United States, today announced that it has received its second loan advance from the Department of Energy’s (DOE) Loan Programs Office in the amount of $22.7 million. With this advance, the Company has fully drawn the maximum allowable amount under the first tranche of $90.9 million in connection with the completion of its first state-of-the-art manufacturing line.

    The loan advance covers 80% of eligible costs, incurred as part of the Company’s production expansion plans related to Project AMAZE. These funds support Eos’ ongoing efforts to expand its operational capacity to meet growing customer demand and further its strategic growth objectives.

    “Production volumes at our first state-of-the-art manufacturing line are growing every week as we progress toward realizing the full 2 GWh capacity on Line 1,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “The loan proceeds from the DOE, which follow the recently upsized convertible notes and common stock offerings, continue to strengthen our financial position and position us to scale U.S. production, and advance the build out of our second state of the art manufacturing line.”

    To support 6 GWh in recently signed MOU’s that are expected to convert to purchase orders along with rising demand for “buy American”, “build American” solutions, Eos is scaling to meet the growing needs of AI-driven load growth, data centers, and safety conscious storage markets. Eos’ flexible discharge capability – supporting partial, multiple, and long-duration cycling—is ideally suited to match the complex demands of the largest power users in the world.

    In response, Eos has submitted a purchase order for its second state-of-the-art manufacturing line, marking a key step in expanding U.S. production and delivering safe, reliable long-duration energy storage for its customers.

    The DOE funding builds on Eos successfully closing $336 million in concurrent offerings of common stock and convertible senior notes, which significantly restructured the Company’s balance sheet, lowered its cost of capital, and fueled its ability to grow U.S.-based operations. With this financing, Eos is executing on its long-term strategy: building a robust domestic supply chain, scaling next-generation U.S. battery manufacturing, and creating high-quality American jobs.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, secure, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 4 to 16+ hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts        
    Investors: ir@eose.com
    Media: media@eose.com

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network

  • MIL-OSI: Robinhood Markets, Inc. to Announce Second Quarter 2025 Results on July 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., July 01, 2025 (GLOBE NEWSWIRE) — Today, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) announced that it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, after market close. Robinhood will host a video call to discuss its results at 2:00 PM PT / 5:00 PM ET on the same day. The video call and supporting materials will be available at investors.robinhood.com. The event will also be live streamed to YouTube and X.com via Robinhood’s official channels, @RobinhoodApp. Following the call, a replay and transcript will also be available at investors.robinhood.com.

    Ahead of the call, Robinhood shareholders can visit https://app.saytechnologies.com/robinhood-markets-2025-q2 to submit and upvote questions for management using the Q&A platform developed by Say Technologies. The Q&A platform will be open for question submission starting Wednesday, July 23, 2025, at 2:00 PM PT / 5:00 PM ET. Shareholders will be able to submit and upvote questions until Tuesday, July 29, 2025, at 2:00 PM PT / 5:00 PM ET. Management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results on the earnings call. Shareholders can email hello@saytechnologies.com for any support inquiries.

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

    Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

    “Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contacts

    Investor Relations

    ir@robinhood.com

    Media

    press@robinhood.com

    The MIL Network

  • MIL-OSI: Robinhood Markets, Inc. to Announce Second Quarter 2025 Results on July 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., July 01, 2025 (GLOBE NEWSWIRE) — Today, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) announced that it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, after market close. Robinhood will host a video call to discuss its results at 2:00 PM PT / 5:00 PM ET on the same day. The video call and supporting materials will be available at investors.robinhood.com. The event will also be live streamed to YouTube and X.com via Robinhood’s official channels, @RobinhoodApp. Following the call, a replay and transcript will also be available at investors.robinhood.com.

    Ahead of the call, Robinhood shareholders can visit https://app.saytechnologies.com/robinhood-markets-2025-q2 to submit and upvote questions for management using the Q&A platform developed by Say Technologies. The Q&A platform will be open for question submission starting Wednesday, July 23, 2025, at 2:00 PM PT / 5:00 PM ET. Shareholders will be able to submit and upvote questions until Tuesday, July 29, 2025, at 2:00 PM PT / 5:00 PM ET. Management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results on the earnings call. Shareholders can email hello@saytechnologies.com for any support inquiries.

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

    Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

    “Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contacts

    Investor Relations

    ir@robinhood.com

    Media

    press@robinhood.com

    The MIL Network

  • MIL-OSI Africa: Jobs boost as the United Kingdom (UK) and Kenya bolster economic and security partnership


    Download logo

    • Trade and investment deals agreed during the visit will contribute over £1bn to the UK economy and create UK jobs in engineering, defence industries, technical and advisory services, and financial services 
    • The UK and Kenya will also increase collaboration to tackle organised crime, human trafficking and illicit finance through the UK-Kenya Security Compact 
    • The UK and Kenya will commit to a new Strategic Partnership as Kenyan President Ruto visits London

    The UK and Kenya will commit to working together to drive economic growth, protect climate and nature, foster collaboration in science and technology and strengthen regional security. 

    During a visit to the UK by the President of Kenya, a pipeline of trade and investment deals worth over £1bn to the UK economy were agreed which will deliver on this government’s commitment to boost jobs and prosperity back in the UK, as part of the government’s Plan for Change. 

    This includes the launch of a tender for a major urban redevelopment project in Nairobi which has been inspired by the regeneration of London’s Kings Cross.

    The Nairobi Railway City project has already provided opportunities to UK businesses with British architecture firm Atkins UK chosen to design the central rail station and public square.

    The Government of Kenya is exploring funding the project through finance mobilised by the UK’s Export Credit Agency, UK Export Finance, which will create UK jobs in engineering, technical and legal services. 

    Both countries also agreed stronger cooperation to disrupt the air, land and sea routes used by organised crime groups to prevent illegal migrants transiting through Kenya in attempts to reach Libya and other countries before travelling on to Europe. Four of the top ten countries for Small Boat arrivals in the UK are near neighbours of Kenya (Eritrea, Sudan, Somalia and Ethiopia).

    Foreign Secretary, David Lammy, said:

    “Through our shared history and values the UK and Kenya have always had a close connection.”

    “Now we are building a shared future; a modern, innovative and respectful partnership which is delivering real benefits – boosting growth and creating jobs for both Kenyans and the British people. We’re going far, together.”

    The UK and Kenya have also committed to increased defence and counter terrorism collaboration, including joint training and the creation of a new counter insurgency, terrorism and stability operations centre.

    Defence sales worth over £70m were agreed during the visit supporting manufacturing jobs in County Durham, Northamptonshire and Surrey. Kenya hosts the UK’s most significant military footprint in Africa, including a facility that trains 3,000 UK troops a year. 

    The UK’s world leading financial services sector will also benefit; Lloyd’s of London will announce today that they will be joining the Nairobi International Finance Centre, which will deepen the partnership between two leading financial centres providing access to up to £500m of insurance market potential in Kenya and the East Africa region. 

    The two countries also committed to explore the potential of a bilateral digital trade agreement. Dubbed ‘Silicon Savannah’, the value of Kenya’s tech sector is projected to reach £11.5bn by 2032.

    A digital trade agreement will open up opportunities in the sector for UK Plc.

    Distributed by APO Group on behalf of United Kingdom Foreign, Commonwealth and Development Office.

    MIL OSI Africa

  • MIL-OSI Africa: North Africa: Green Climate Fund approves a record $300 million for Food and Agriculture Organization of the United Nations (FAO)-designed projects in Papua New Guinea, Saint Lucia and the Sahel


    Download logo

    The Green Climate Fund (GCF) has approved projects worth more than $300 million that will protect forests in Papua New Guinea, promote sustainable fisheries in Saint Lucia, and help grow Africa’s Great Green Wall.

    The initiatives, designed by the Food and Agriculture Organization of the United Nations (FAO), were greenlighted at the 42nd meeting of the GCF Board, held in the Papua New Guinea capital from June 30 to July 3. It represents the highest-value batch of such approvals to date.

    “Through sustainable forestry management, fisheries transformation and land restoration, these FAO-designed projects will make a significant difference to the lives and livelihood of these vulnerable communities, especially in the current global context of overlapping and complex crises due to climate extremes and other shocks,” said FAO Director-General QU Dongyu. “FAO appreciates the unwavering trust that the GCF and Member Countries place in FAO’s professional capacity to provide the required technical expertise to strengthen resilience and safeguard the livelihoods of the most vulnerable,” he added. “The FAO-GCF partnership continues to be critical for the climate investments in agrifood systems required to deliver science-based concrete solutions to countries and communities where they are needed most, leaving no one behind.” 

    All three approvals were outcomes of successful FAO-led GCF readiness projects, as well as other long-standing technical collaborations, which unlocked the resources countries needed to pursue more ambitious climate projects. 

    Papua New Guinea 

    FAO has supported the country to design a high-impact climate project, within the framework of GCF’s pilot programme for results-based payments, that will direct investments worth $63.4 million into Papua New Guinea’s sustainable forest management activities.  

    This substantial GCF investment recognizes the Government’s achievements in reducing greenhouse gas emissions by 17 million tonnes of carbon dioxide equivalent (tCO₂e) during the 2014-2016 period – comparable to taking over 3 million cars off the road for a year.  

    Funding for the project falls under the initiative known as REDD+ (Reducing Emissions from Deforestation and forest Degradation), and will support the Government’s efforts to conserve forests and implement the National REDD+ Strategy 2017–2027.  

    Papua New Guinea has been an advocate for the REDD+ global process since its very inception in 2008. The country has kept forest conservation and reducing emissions from the forest sector high on the national and global agenda including through support from FAO and the UN-REDD programme.  

    The investments seek to promote a virtuous cycle of emission reductions by promoting agroforestry, sustainable fuelwood and charcoal production, community pole and timber plantations, the restoration of natural forest, and more.  

    The project will place special emphasis on the social dimension, prompting benefit sharing, encouraging stakeholder engagement, and strengthening both local and national capacities.  

    Papua New Guinea’s tropical rainforests – of which three-quarters are primary forests – cover 78 percent of the country’s land, making it a global biodiversity hotspot. The forests are home to 191 species of mammals, and 750 species of bird. They also serve as vital carbon sinks, storing large amounts of carbon in above-ground biomass and soil.  

    Saint Lucia 

    The FISH-ADAPT project in Saint Lucia, with an investment of $16.7 million, has been designed to reduce the risks that climate change poses to the fishing and aquaculture sectors in this Small Island Developing State located in the eastern Caribbean Sea. 

    The project aims to transform Saint Lucia’s fisheries sector by making fishing safer and more productive despite a changing climate. It will foster a circular economy to help reduce waste, enhance resource efficiency, and promote livelihood diversification for more resilient communities. Fish value chains and markets will be strengthened; coastal fish grounds and aquaculture systems will become more climate resilient; and fishers will have more diversified incomes. 

    The initiative will put in place agrifood solutions that build sustainability and resilience to improve efficiency, safety and productivity in the fisheries sector. These include empowering fishers and aquaculture farmers by enhancing access to weather data, upgrading landing sites and promoting sustainable offshore fishing.   

    Saint Lucia’s geographic position and socio-economic dependence on the fisheries sector make it especially vulnerable to the impacts of climate change. Fisherfolk who rely on the sea for their livelihoods are finding it increasingly difficult to adapt to a changing climate and declining fish stocks. Increased air temperature and changing rainfall patterns have also been affecting inland aquaculture.  

    Considering these challenges, FISH-ADAPT will target approximately 75,000 beneficiaries – about 41 percent of the population – including marine fishers, sea-moss farmers, fish vendors and processors, and inland aquaculture farmers. 

    The Sahel 

    The Scaling-Up Resilience in Africa’s Great Green Wall (SURAGGWA), with an investment of $222 million, will support livelihoods of agropastoral and pastoral communities living in the Sahel’s semi-arid regions, who are extremely vulnerable to climate change.  

    The initiative is FAO’s first multi-country proposal and the largest funding request ever submitted on behalf of its Member Countries. It builds on the extensive work done by FAO on the Great Green Wall initiative, in particular the Action Against Desertification Programme

    The initiative will seek to scale up successful land restoration practices using a diversity of native species to increase livelihood resilience while also sequestering carbon. It will develop value chains for climate-resilient and low-emission non-timber forest products, supporting the livelihoods and food security of vulnerable communities.  

    Another key aspect of the project will be to strengthen national and regional Great Green Wall institutions to ensure the sustainability and coordination of interventions and monitoring of restoration results as well as mobilizing additional resources including through climate change adaptation and mitigation financing mechanisms.   

    The SURAGGWA Programme will advance the African Union’s ambitions to transform Sahelian landscapes by restoring 100 million hectares of degraded land and creating 10 million jobs. Working with smallholder farmers and pastoralist communities, it will also build resilience and contribute to climate change mitigation through carbon sequestration in restored lands across the eight participating countries (Burkina Faso, Chad, Djibouti, Mali, Mauritania, Niger, Nigeria and Senegal). 

    A quarter of the 100 million people who live in the Sahel rely on pastoralist livelihoods. Poverty, social tensions, and climate change put additional strain on herders and farmers who already compete for limited resources and land. Agriculture, livestock and forestry activities are the foundation of their economies and more than 70 per cent of rural communities depend directly on rainfed agriculture.   

    The FAO–GCF partnership 

    The new approvals raise FAO’s GCF portfolio to over $1.8 billion, with climate investments delivering sustainable agrifood system solutions to the countries and communities where they are needed most. 

    You can read more about FAO’s partnership with GCF here

    Distributed by APO Group on behalf of Food and Agriculture Organization (FAO).

    MIL OSI Africa

  • MIL-OSI USA: ICYMI: Secretary Chavez-DeRemer promotes One Big Beautiful Bill during ‘America at Work’ tour stops in Michigan, Indiana

    Source: US Department of Labor

    GOSHEN, IN – U.S. Secretary of Labor Lori Chavez-DeRemer continued her swing across the country as part of her “America at Work” listening tour to promote President Trump’s One Big Beautiful Bill, which passed the U.S. Senate today in a huge win for the American people. 

    Secretary Chavez-DeRemer visited Shafer, a ready-mix concrete supplier in Lansing, Michigan, and Brinkley RV, a manufacturing start-up in Goshen, Indiana, to hear directly from American workers who stand to benefit most from this legislation. 

    “I continue to be inspired by the American entrepreneurial spirit shown by the hardworking men and women I’ve met on my listening tour,” said Secretary Chavez-DeRemer. “From the concrete crews at Shafer in Michigan to the RV manufacturers at Brinkley in Indiana, these workers are exactly who this Administration is fighting for as we work to pass the One Big Beautiful Bill. President Trump’s historic proposal will deliver the largest tax cut in history for working families, no tax on overtime, and a lower tax burden on small businesses – ensuring they keep more of their hard-earned money to drive America’s economic comeback.”

    “It’s an honor to be in America’s heartland, hearing directly from the workers who form the backbone of our economy,” said Deputy Secretary of Labor Keith Sonderling. “For the first time in decades, American workers have a President who is fighting to put them first. By passing the One Big Beautiful Bill, we’ll deliver on President Trump’s promise to grow our economy and give hardworking Americans a fair shot at the American Dream.”

    Michigan

    In Lansing, Secretary Chavez-DeRemer and Deputy Secretary Sonderling were joined by Reps. John James and Tom Barrett for a tour of Shafer’s facilities, where they learned more about the company’s on-the-job training program and saw how concrete crews use cutting-edge technology to ensure precise mixture, consistency, and top-tier quality across all plants. They also toured the quality control room, repair shop, and operations center, offering insight into Shafer’s role in keeping the region’s construction industry strong.

    “It was an honor to welcome my friend and U.S. Department of Labor Secretary Lori Chavez-DeRemer to Michigan on her America at Work tour,” said Rep. James. “She confirmed what job creators deserve to hear: President Donald J. Trump is focused on growth, not red tape. In just six months, they’ve cut over 60 labor regulations – nearly twice what they did in Trump’s first term – and working to boost apprenticeships to one million strong! When government’s an ally, not an adversary, American workers lead.”

    “Years of overregulation and excessive red tape have crushed businesses in mid-Michigan, discouraged economic growth, and sent the costs of new construction through the roof,” said Rep. Barrett. “Secretary Chavez-DeRemer understands these challenges, which is why I was honored to host her in Lansing to meet with the hard-working team at Shafer and discuss the ways that she and President Trump are jumpstarting job creation across our state. I appreciate her making the trip and look forward to continuing our work together to slash the red tape slowing our economy, cut taxes for hard-working families, and bring high-paying jobs back to our community.”

    Indiana

    Secretary Chavez-DeRemer concluded her two-week, seven-state swing with a stop at Brinkley RV in Goshen alongside Rep. Rudy Yakym, where they met with workers building fifth wheels and travel trailers for families across America.

    “It’s an honor to welcome my friend, Secretary of Labor Chavez-DeRemer, to the Manufacturing Capital of America,” Rep. Yakym said. “Her dedication to strengthening our workforce, fueling job creation, and cutting red tape is exactly what we need to lead the next chapter of American manufacturing. I’m especially grateful to Brinkley RV for hosting us today and showcasing the kind of innovation and excellence that defines Indiana’s Second District.”

    Launched in early April, Secretary Chavez-DeRemer’s “America at Work” listening tour is bringing real-world feedback from American workers to policymakers in Washington. Recent stops have included visits to Montana and Louisiana, highlighting how the Trump Administration’s pro-growth agenda will unlock trillions in new investments, strengthen the workforce, and a spark a new era of American economic resurgence.

    Learn more about Secretary Chavez-DeRemer’s efforts to deliver real results for hardworking Americans.

    MIL OSI USA News

  • MIL-OSI USA: NEA reacts to Trump administration withholding critical education funding

    Source: US National Education Union

    By: Celeste Fernandez, NEA Communications

    Published: July 1, 2025

    WASHINGTON—Almost $6.9 billion in federal K–12 education funding, normally released to states on July 1, is being withheld from students and classrooms, according to the U.S. Department of Education. Despite Congress passing a continuing resolution in March—which President Trump signed extending previous funding levels through fiscal year 2025—the is taking a first step toward “impoundment the illegal withholding of money appropriated by Congress to fund federal programs and activities.

    These billions of dollars would be used for curriculum, technology, and other critical services. The loss of these funds affects thousands of school districts and every state in the nation. If the funds are not released soon, this move will force schools to cut educators’ salaries as well as reading and math supports, student services, including summer and after-school programs, and support for migrant students and English learners. Educators will face layoffs leading to significantly larger class sizes.

    The following can be attributed to NEA President Becky Pringle:

    “School hasn’t even started and this administration is robbing our students and classrooms. It’s shocking, but not surprising, considering the lack of concern for students that this administration has displayed since 1

    and states had planned to use to support children in their statesis a cruel betrayal of students, especially those who rely on critical support services. Schools are already grappling with severe teacher shortages, burnout, and under-resourced classrooms, and here comes the federal government ripping resources away from public schools. It is outrageous and unconscionable.

    “Sadly, this is part of a broader pattern by this administration of undermining public education—starving it of resources, sowing distrust, and pushing privatization at the expense of the nation’s most vulnerable students. And they are doing this at the same time as they push a budget bill that will devastate our schools and communities—all to finance massive tax breaks for billionaires.

    “Educators and parents will not be silent while students are undervalued, unheard, and unsupported. The Trump administration must release these critical funds as required by law. We will stand up, speak out, and take action to ensure every classroom is a place of dignity, opportunity, and respect.” 

    # # # 

    Follow us on Bluesky at https://bsky.app/profile/neapresident.bsky.social & https://bsky.app/profile/neatoday.bsky.social 

    The National Education Association is the nation’s largest professional employee organization, representing more than 3 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators, students preparing to become teachers, health care workers, and public employees. Learn more at nea.org. 

    MIL OSI USA News

  • MIL-OSI USA: Coalition moves for injunction stopping Trump administration’s actions to dismantle the Department of Education

    Source: US National Education Union

    Washington, D.C. — Today, in the case of NAACP v. US, the coalition of plaintiffs and supporters are moving for a preliminary injunction preventing Linda McMahon and the Trump administration from continuing their unlawful actions to dismantle the Department of Education.   

    Those actions include the Department’s announcement yesterday that it planned to withhold nearly $6.8 billion in appropriated education formula funding from states, almost all of which supports students through their local school districts. That illegal decision, like the other steps this administration has taken to shut down the Department, is unlawful and will harm students and families across the country. 

    The case was brought in March by the National Association for the Advancement of Colored People (NAACP), public school parents, the National Education Association (NEA), and AFSCME Maryland Council 3. They are supported by Student Defense and Education Law Center (ELC). Today’s filing asks the Court to block multiple unlawful actions the administration has taken that harm students, schools and communities across the country. Those actions include:   

    • Terminating grants that support the recruitment and retention of teachers and other education professionals in high needs schools and school districts by way of the elimination, without Congressional approval, of the Teacher Quality Partnership, Supporting Effective Educator Development (SEED), and School-Based Mental Health Services Grant Programs, among many others. These programs supported students and educators and met critical needs in schools across the country. They have now been unlawfully shut down.   
       
    • Eliminating the Department’s capacity to award the correct amounts of federal formula grant aid to high needs schools and districts through the ESEA Title I programs, the rural school supports program under REAP, and other critical federal education programs in future school years. Defendants’ abolition of the Institute of Education Sciences and other critical Department offices leaves the Department unable to produce the data inputs and carry out other functions necessary to accurately calculate schools’ and districts’ federal funding awards after this year.
       
    • Gutting the vendor oversight and institutional accountability functions in the Office of Federal Student Aid, which had exercised the critical oversight necessary to make Congressionally mandated student loan forgiveness programs, like the Public Service Loan Forgiveness program, work and which certified schools’ eligibility to participate in federal student financial aid programs by ensuring that college and universities actually provide the services that they advertise.
       
    • Shuttering seven of the twelve regional enforcement offices of the Office for Civil Rights, terminating over half that Office’s investigative workforce, and doubling and even tripling the caseloads of the remaining investigators so as to effectively eliminate OCR’s ability to timely respond to, and remedy, civil rights complaints filed by students, parents, and educators.   

    Today’s filing is supported by record evidence in excess of 1,000 pages, including over 60 individual declarations in support of the plaintiffs’ claims and in opposition to the devastation wrought by the defendants. Declarants include Former Secretaries of Education Miguel Cardona and John King, Former Assistant Secretary for Civil Rights Catherine Lhamon, former Institute for Education Sciences Director John Easton, and many more. In addition, school communities and districts are in support of the motion, including the Lemon Grove School District in CA.  

    The motion seeks a remedy for the serious harm that the Trump Administration has inflicted on students, educators, schools, and colleges and universities, and asks the Court to direct the Department to fulfill its statutory obligations to students nationwide. 

    # # 

    About the National Education Association 

    The National Education Association is the nation’s largest professional employee organization, representing more than 3 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators, students preparing to become teachers, healthcare workers, and public employees. Learn more at www.nea.org  

    About the NAACP 

    The NAACP advocates, agitates, and litigates for the civil rights due to Black America. Our legacy is built on the foundation of grassroots activism by the biggest civil rights pioneers of the 20th century and is sustained by 21st century activists. From classrooms and courtrooms to city halls and Congress, our network of members across the country works to secure the social and political power that will end race-based discrimination. That work is rooted in racial equity, civic engagement, and supportive policies and institutions for all marginalized people. We are committed to a world without racism where Black people enjoy equitable opportunities in thriving communities. NOTE: The Legal Defense Fund – also referred to as the NAACP-LDF – was founded in 1940 as a part of the NAACP, but now operates as a completely separate entity. 

    About AFSCME Maryland Council 3 
    AFSCME Maryland Council 3 represents more than 50,000 public service workers in local, city, county and state government as well as in higher education and the private sector who provide the valuable public services that our communities rely on. From Western Maryland to the Eastern Shore, we make Maryland happen. 

    About Education Law Center 

    Education Law Center pursues justice and equity for public school students by enforcing their right to a high-quality education in safe, equitable, non-discriminatory, integrated, and well funded learning environments. We seek to support and improve public schools as the center of communities and the foundation of a multicultural and multiracial democratic society. To achieve these goals, we engage in litigation, research and data analysis, policy advocacy, communications, and strategic partnerships and collaborations. https://edlawcenter.org/ 

    About Student Defense 

    The National Student Legal Defense Network (“Student Defense”) is a non-profit organization that works, through litigation and advocacy, to advance students’ rights to educational opportunity and to ensure that higher education provides a launching point for economic mobility. 

    MIL OSI USA News

  • MIL-OSI: Navicore Solutions Offers Crucial Financial Support as Credit Card Interest Rates Increase

    Source: GlobeNewswire (MIL-OSI)

    MANALAPAN, N.J., July 01, 2025 (GLOBE NEWSWIRE) — As credit card interest rates continue to climb, averaging 25.37% for existing balances in June, Navicore Solutions is stepping up to provide essential financial counseling services to consumers nationwide. Despite the December 2024 Federal Reserve rate cuts, credit card Annual Percentage Rates (APRs) remain high, exacerbating financial strain for many Americans.

    The average APR has been steadily increasing, particularly since the beginning of 2022, due to a combination of factors including the Federal Reserve’s interest rate hikes and increases in credit card issuers’ margins.

    The Federal Reserve’s recent interest rate cuts in December 2024 have had minimal impact on credit card APRs, which remain near record highs. For instance, the average APR on new credit cards ranges between 20% and 29% which is significantly higher than pre-pandemic levels. This persistent rise in credit card interest rates is contributing to increased financial distress, with many consumers struggling to manage their debt.

    Navicore Solutions, a nonprofit credit counseling organization offers confidential, and personalized financial counseling to individuals and families across the United States. Navicore’s certified counselors work with clients to develop customized debt management plans, often reducing interest rates and consolidating multiple payments into a single monthly payment. This approach can help clients pay off unsecured debt in three to five years, providing a clear path to financial stability.

    “In these challenging economic times, it’s more important than ever for consumers to seek professional guidance,” said Diane Gray, Chief Operating Officer with Navicore. “Our team is dedicated to helping individuals regain control of their finances, reduce debt, and avoid the pitfalls of high-interest credit card debt.”

    For those struggling with credit card debt, reaching out to a nonprofit credit counseling agency like Navicore Solutions can be a crucial step toward financial recovery with services designed to empower consumers with the knowledge and tools needed to make informed financial decisions and achieve long-term financial health.

    About Navicore Solutions

    Founded in 1991, Navicore Solutions is a national leader in the field of nonprofit financial counseling with a mission to strengthen the well-being of individuals and families through education, guidance, advocacy, and support.

    Navicore counselors provide a wide range of services including credit counseling to consumers in need; education programs through workshops, courses and written material; debt management plan to provide relief for applicable consumers; student loan counseling for those struggling with student loan debt; and housing counseling services in the areas of rental, pre-purchase, default and reverse mortgage. The agency is an advocate of financial education helping communities achieve and maintain financial stability.

    Contact:
    Lori Stratford
    Digital Marketing Manager
    Navicore Solutions
    lstratford@navicoresolutions.org
    navicoresolutions.org

    The MIL Network

  • MIL-OSI: Lightchain AI Surpasses $21M Raised, Enters Final Bonus Round Ahead of July Mainnet Launch

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, July 01, 2025 (GLOBE NEWSWIRE) — Lightchain AI, the decentralized AI-native blockchain platform, has officially entered its Final Bonus Round after successfully raising over $21 million during its structured 15-stage presale. With strong participation from early contributors, developers, and validators, this final phase offers a fixed price of $0.007125 per LCAI token—representing the last opportunity to participate ahead of the mainnet launch scheduled for July 2025.

    The milestone reflects Lightchain AI’s steady momentum and increasing recognition within the decentralized AI ecosystem. Designed to bring scalable, intelligent infrastructure to the blockchain space, the platform introduces a purpose-built Artificial Intelligence Virtual Machine (AIVM), a transparent Proof-of-Intelligence consensus mechanism, and comprehensive tools for developer onboarding and participation.

    A Foundation for Intelligent On-Chain Applications

    Lightchain AI is building a decentralized infrastructure tailored for real-world AI applications, focusing on performance, auditability, and accessibility. Its validator-based network rewards useful AI computations, ensuring that both security and utility are central to network operations.

    All original team token allocations (5%) have been reallocated to ecosystem growth, including developer grantsinfrastructure expansion, and validator rewards, underlining Lightchain AI’s builder-first philosophy.

    The project has already implemented and tested its staking infrastructure, allowing validators to lock LCAI tokens and simulate long-term network participation, reinforcing both security and decentralization as the protocol moves closer to launch.

    Developer Grant Program and Ecosystem Support

    To further encourage ecosystem development, Lightchain AI has announced a $150,000 Developer Grant Program. This initiative will fund innovative dApps, research, and tooling projects that align with the platform’s vision of autonomous intelligence on-chain.

    Developers now have access to the Lightchain Developer Portal, which includes APIs, SDKs, and documentation, enabling seamless integration and development. Public GitHub repositories are also set to be launched, opening the door to wider community collaboration and transparency.

    Lightchain AI Presale

    Final Bonus Round Now Live

    The Final Bonus Round is currently open and offers a fixed token price of $0.007125, giving new participants an opportunity to join the project’s early-stage supporters. This round will close before the mainnet launch and represents the final window to acquire LCAI tokens at presale pricing.

    “We are incredibly grateful for the trust and support from our growing community,” said a Lightchain AI spokesperson. “With the Final Bonus Round now underway and mainnet launch approaching, we’re excited to welcome more contributors to help build a truly intelligent, decentralized future.”

    Key Upcoming Milestones

    • Mainnet Launch – Scheduled for July 2025
    • Public GitHub Release – Imminent for open-source collaboration
    • Validator Program – Ongoing recruitment and onboarding
    • Developer Grant Distribution – Begins Q3 2025


    Learn More

    To participate in the Final Bonus Round or apply for developer grants, visit:

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef70de1c-6c9d-4c71-b023-f974eb7a0229

    The MIL Network

  • MIL-OSI USA: Cortez Masto Votes Against Republican Tax Scam That Will Raise Costs and Cut Health Care for Millions of Americans

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) voted against the final passage of H.R. 1, the Republican tax scam which cuts Medicaid, clean energy tax credits, food assistance, and more in order to lower taxes for the wealthiest Americans. The bill now heads to the U.S. House of Representatives for a vote.

    “This morning, Senate Republicans voted to raise costs on working families, rip health care from Nevadans who need it, and kill good-paying jobs across our state to ensure their billionaire friends save on their taxes,” said Senator Cortez Masto. “Make no mistake: Republicans are responsible for the devastating impacts that will come from this bill. I will continue to put a spotlight on how these disastrous cuts are causing harm to Nevadans.”

    According to reports, the Republican tax bill would:

    • Add almost $4 trillion to the national debt
    • Cut more than $1.1 trillion in health care funding, including $930 billion from Medicaid
    • Kick 17 million Americans off health insurance, including 114,500 Nevadans
    • Threaten 21,000 clean-energy jobs in Nevada
    • Raise the cost of Nevadans’ energy bills by $400 per year
    • Slash food assistance programs that will raise grocery costs, threaten free school lunches, and make it harder for over 40 million Americans, including 16 million children, 8 million seniors, and 1.2 million veterans to put food on the table.
    • Gut BrandUSA, a long-standing bipartisan public-private partnership to support international tourists coming to Nevada
    • Further President Trump’s cruel mass deportation agenda instead of focusing on targeting criminals 
    • Provide a $118,630 tax boost for the top 0.1% of Americans while raising costs for working families

    Senator Cortez Masto has repeatedly called out President Trump and Congressional Republicans’ attempts to slash Medicaid and harm Nevada families to pay for tax cuts for billionaires. She has also continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families, small businesses, and Nevada’s travel and tourism economy.

    MIL OSI USA News

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks at the High-level special event “Forging a Common Agenda to Achieve Debt Sustainability in Developing Countries” [as prepared for delivery]

    Source: United Nations secretary general

    Prime Minister Sanchez,
    Excellencies,
    Dear friends,
    Ten years after countries adopted the SDGs, development faces formidable headwinds: slowing global growth, the threat of a trade war, and repeated global shocks from climate and conflict. 
    But the most unsettling challenge facing developing countries is the debt crisis. 
    Borrowing is critical for development. 
    It provides a means for governments to invest boldly in a better future for their people. 
    It is especially critical at a time when all countries are required to undertake one-off generational investments to green their economies and build 21st century digital infrastructure. 
    But today, borrowing is not working for development. 
    Over two-thirds of low-income countries are either in debt distress or at high risk of it. 
    3.4 billion people live in countries that spend more on interest payments than on health or education. 
    The debt crisis is a silent crisis in two respects. 
    First, the crisis doesn’t impact the lives or economies of those in advanced economies. 
    The immediate effects of the crisis are contained and do not threaten the stability of global financial markets.
    Second, among global policymakers, there is a striking reluctance to acknowledge the crisis for what it is, perhaps driven by the increasingly unlikely hope that the problem will solve itself if interest rates came down.
    However, I’m pleased to report that, thanks to many of you, this is now starting to change.
    Over the last several months, we’ve seen the launch of several bold initiatives – the African Leaders Debt Relief Initiative; the Expert Review on Debt, Climate and Nature; the Jubilee Commission; and the Secretary-General’s Expert Group on Debt – that are making crisis increasingly hard to ignore.
    And through the Seville conference and its outcome document, and the ongoing work of the South African G20, this crisis is finally being seen and heard.
    These efforts have laid bare the shortcomings of our debt architecture, and the harms they are causing in developing countries.
    They also identify actions that can arrest the debt crisis and enable debt to fulfil a supportive role in countries’ development success.
    Now that we are finally getting the attention of policymakers, we still face the challenge of compelling action.
    Let me propose three things we, as a community, must do moving forward.
    First, consolidate our message and asks.
    We have a rich set of analyses and recommendations but must find ways of bringing these together.
    This includes borrowing language and recommendations from the Seville outcome document and bringing it forward into the outcome documents of this year’s G20 and COP30.
    Second, everyone must do their part.
    For instance, Spain has shown outstanding leadership on promoting debt swaps and debt pauses.
    The UN stands ready to advance member states’ call for the creation of a platform for borrowers to share experience, build capacity and coordinate approaches and strengthen borrower countries’ voices.
    Third and finally, we must continue to expand our coalition.
    This includes winning the support of the leading board members at the IFIs.
    It also means mobilizing civil society, as envisaged by the Jubilee campaign.
    With these three steps, I believe we can break the cycle of debt together, and usher in a new era of debt sustainability for all countries.
    Thank you. 
     

    MIL OSI United Nations News

  • MIL-OSI Europe: Multilateral development bank heads and private sector leaders map out deeper cooperation in Seville for development

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.

    Heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank and the World Bank Group and leaders of private sector financial and corporate institutions convened for a high-level roundtable to accelerate joint action to mobilise private capital for sustainable development goals. 

    The participants identified opportunities around scaling up successful and existing public-private partnerships and financial instruments, MDBs providing local currency finance and hedging instruments – including through commercial banks – sharing risk statistics through the Global Emerging Markets Risk Database (GEMs), blending instruments, local capacity building and engaging with governments and regulators to create the right conditions for private investment to thrive.

    The roundtable in Seville followed the Heads of MDBs meeting, hosted by the CEB on Saturday in Paris, where in a Joint Statement the participants highlighted private capital mobilisation as a system-wide priority, in line with the Viewpoint Note from Washington in April 2024.

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness – A10-0123/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness

    (2025/2008(INI))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 9, 151, 152, 153(1) and (2) thereof, as well as Articles 173 and 179 thereof, which concern EU industrial policy and research and refer to, among other things, the competitiveness of the Union’s industry and the strengthening of the Union’s scientific and technological bases,

     having regard to the Treaty on European Union, in particular Article 5(3) thereof and Protocol No 2 thereto on the application of the principles of subsidiarity and proportionality,

     having regard to the Commission communication of 20 March 2024 entitled ‘Building the future with nature: Boosting Biotechnology and Biomanufacturing in the EU’ (COM(2024)0137),

     having regard to the report by Mario Draghi of 9 September 2024 entitled ‘The future of European competitiveness’,

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

     having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

     having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

     having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations’ (COM(2025)0075),

     having regard to Rule 55 and Rule 148(2) of its Rules of Procedure,

     having regard to the report of the Committee on Industry, Research and Energy (A10-0123/2025),

    A. whereas the EU biotechnology and biomanufacturing sector has been recognised as one of 10 strategic technology sectors for Europe’s competitiveness, economic security and sustainability; whereas the sector is characterised by very high productivity, growth and employment, and delivers globally competitive, cutting-edge solutions in healthcare, life sciences, industrial production and transformation, sustainable biomanufacturing, energy and food security; whereas biotechnology and biomanufacturing are important enablers of the bioeconomy at large; whereas biotechnology and biomanufacturing can help enhance the EU’s strategic autonomy, resilience and circularity by reducing industry’s dependency on fossil-based input and other external dependencies in various sectors; whereas the biotechnology and biomanufacturing sector still faces regulatory and financial obstacles and an incomplete internal market; whereas the Commission is expected to present an EU biotech act, an updated EU bioeconomy strategy, an EU life sciences strategy, an EU innovation act and an EU circular economy act;

    B. whereas according to the Organisation for Economic Co-operation and Development (OECD), biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; whereas biomanufacturing is not clearly defined and the Commission should therefore propose such a definition; whereas a definition of biomanufacturing should be future-proof, open to scientific and technological developments, and technology neutral, so as to broadly encompass the use of biotechnology or other technologies for the production of bio-based material products and solutions including, but not limited to, chemical, mechanical or thermal processes;

    C. whereas the biotech and biomanufacturing industries have led the development and deployment of breakthrough innovations in healthcare, such as mRNA-based vaccines; whereas biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for medicines;

    D. whereas the COVID-19 pandemic highlighted the importance of having robust raw material value chains and manufacturing capabilities within Europe, to ensure security of supply of critical products and to mitigate shortages, for example of essential medicines;

    E. whereas artificial intelligence (AI) can help drive biotechnology innovation – e.g. in personalised medicine and drug discovery – resulting in health and environmental benefits; whereas the use of AI in biotechnology can also present ethical challenges and risks, related to the protection of private data, which need to be addressed in order to maintain public trust and acceptance;

    F. whereas biotechnology is applied in various aspects of animal and plant-based agriculture and also indirectly, through its use in activities such as waste management;

    G. whereas biotechnology can strengthen the resilience of forests and, in the case of biomanufacturing, the forest sector can offer sustainably produced, renewable and recyclable raw materials that can be used in high-value innovative products, materials and applications;

    H. whereas the EU is a global leader in research and biomanufacturing capacity, yet its potential remains unexploited due to the lack of a sufficiently coordinated policy framework that enables the efficient scaling up of innovation, the attraction of investment and the commercialisation of new technologies; whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered, and administrative burdens are offset by removing burdens of equivalent value in the same policy area at EU or Member State level; whereas Parliament has called for the EU’s research budget to be doubled; whereas EU private investment in research, development and innovation is lagging behind other major economies; whereas promoting investment in pioneering demo and commercial production plants can accelerate the commercialisation of EU innovation in the bio-based industries;

    I. whereas urgent, coherent and consistent action needs to be taken during the next few years to make the EU a world leader in biotechnology, biomanufacturing and life sciences effecting a bold level of change, in accordance with due process and supported by competitiveness checks and adequate funding;

    J. whereas lengthy and complex authorisation procedures, particularly concerning approval times, represent a competitive disadvantage for EU operators and drive project developers out of the EU, and hinder industrial deployment and growth;

    K. whereas current EU regulatory frameworks do not cater precisely to the specificities of bio-based products; whereas the existing regulatory authorisation processes for biotech products needs to be urgently addressed to ensure that the EU remains globally competitive; whereas an effective regulatory framework for conducting clinical research is essential for the competitiveness of the most innovation-intensive aspects of the EU’s pharmaceutical and biotechnology sectors; whereas the Commission should take account of the regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility without lowering existing EU safety and environmental standards;

    L. whereas the EU’s biotechnology and biomanufacturing investment and venture capital ecosystem remains fragmented; whereas high energy prices, regulatory burdens, barriers, and a lack of available key feedstock, raw materials and components are limiting the ability of start-ups and other small and medium-sized enterprises (SMEs) to scale up, and limit large-scale deployment; whereas EU biomanufacturing capacity and supply chain resilience, including the availability of feedstock, are essential to reduce dependence on non-EU actors; whereas effective global supply chains – including strategic partnerships with reliable global actors – are also important to secure stable access to critical resources, avoid supply disruptions and foster continuous innovation in essential technologies;

    M. whereas bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of, for example, polymers, plastics, solvents, paints, detergents, cosmetics and pharmaceuticals, thereby contributing to EU emission reduction, resource efficiency and strategic autonomy; whereas the EU could further incentivise market demand and market uptake for sustainable bio-based products and materials;

    N. whereas it is vital to increase the use of sustainable bio-based raw materials as part of the means of reaching the EU’s 2050 climate targets; whereas biotechnology has the potential to transform the refinery and chemical industry towards biomanufacturing, thereby reducing greenhouse gas emissions, in line with the EU’s climate objectives;

    O. whereas biotechnology and biomanufacturing are regulated across many different regulatory frameworks; whereas current EU regulatory frameworks for biotechnology and biomanufacturing are inconsistent across sectors, creating legal uncertainty and slowing market access for innovative solutions; whereas the lengthy authorisation processes, particularly concerning approval times, need to be urgently addressed and improved, while maintaining a risk- and science-based approach, to compete with corresponding time frames outside the EU; whereas the use of regulatory sandboxes should be expanded to ensure that emerging technologies have a clear development pathway; whereas new EU-wide regulation in the form of an EU biotech act should be duly justified based on examples of concrete gaps and shortcomings in current legislation and implementation, focusing on the specificities of the industry;

    P. whereas a coherent, robust and future-proof intellectual property (IP) framework is essential, ideally resulting in economic, environmental and societal benefits;

    Q. whereas public awareness in the EU of biotechnology and biomanufactured products should be further strengthened, in order to boost public acceptance; whereas the ethical aspects of biotechnology should be considered; whereas stakeholder consultation plays a crucial role in shaping responsible and ethical biotechnology policies; whereas civil society can play an essential role in ensuring public trust;

    R. whereas the engineering of DNA and organisms is increasingly carried out in automated biofoundries, which produce a wealth of data and improved designs and knowledge of biological functions;

    S. whereas the EU’s regulatory framework needs to adequately address evolving risks, opportunities and responsibilities associated with the handling, trade and synthesis of biological material, particularly in the context of synthetic biology; whereas existing biosecurity gaps need to be addressed by the EU and through international cooperation;

    Criteria for a comprehensive EU biotech act

    1. Emphasises the growth potential of the European biotechnology and biomanufacturing sector and the need for the EU to remain world-leading in this field; underlines the commitment to the principles of better regulation and lawmaking, simplification and administrative burden reduction; underlines that the simplification of EU legislation must not endanger any of the fundamental rights of citizens, workers and businesses or risk regulatory uncertainty; believes that any simplification proposal should not be rushed and proposed without proper consideration, consultation and impact assessments; therefore asks the Commission, if it proposes a new EU-wide regulation in the form of an EU biotech act, to address concrete gaps and shortcomings in current legislation and implementation, and to present legislation that can be revised, simplified, streamlined, repealed and which reduces bureaucratic burdens, focusing on the specificities of the industry and maintaining relevant safety and security standards; asks that an EU biotech act adopt a comprehensive cross-sectoral scope and that it be accompanied by an impact and cost assessment, competitiveness checks as well as a comprehensive assessment by the Regulatory Scrutiny Board, taking due consideration of the impact on SMEs, start-ups and scale-ups, as well as the interaction with other relevant legislative and non-legislative initiatives, including proposals currently undergoing the co-legislative procedure;

    2. Recalls that according to the OECD, biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; notes, however, that biomanufacturing is not clearly defined and calls on the Commission to propose such a definition;

    3. Recommends streamlining and harmonising existing and upcoming initiatives relating to biotechnology and biomanufacturing, with the objective of strengthening the biotechnology and biomanufacturing industry through clear industrial and research and development (R & D) competences;

    4. Urges the Commission to ensure coherence and consistency across all initiatives and legislative measures that may affect biotechnology and biomanufacturing innovations and companies, especially start-ups and scale-ups;

    5. Calls on the Commission to ensure that any future relevant legislative initiatives have a broad enough scope to capture the width of the biotechnology and biomanufacturing industry and its full range of applications; recommends facilitating a fast and efficient uptake of biotechnology and biomanufacturing through clear regulatory frameworks;

    6. Calls on the Commission to implement measures within its structures in order to ensure coordination, coherence and complementarity across its relevant directorates-general, and to enable more efficient scale-up and commercialisation of research, development and innovation results; highlights the importance of efforts to improve policy coherence and coordination at national level;

    7. Calls on the Commission to take account of regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility, where possible and without compromising consumer safety, and a level playing field for EU biotech companies competing internationally, and to learn from best practices from outside the EU without lowering existing EU standards;

    8. Calls on the Commission to present a report on the implementation of current legislation in the field of biotechnology and biomanufacturing, including identifying potential gaps and regulatory barriers hampering the growth of the industries applying these technologies and manufacturing processes, including barriers to improving the EU’s self-sufficiency in key feedstocks, raw materials and components; recalls the precautionary principle laid down in Article 191 TFEU; urges the Commission to share with Parliament the preliminary findings of its study on regulatory burden, in this regard, and the potential need to review legislation related to biotechnology and biomanufacturing; calls for a simplification of current requirements for the sector across regulatory frameworks to enable faster approval procedures and market access, while maintaining a risk- and science-based approach and avoiding regulatory uncertainty;

    9. Welcomes the recently launched Biotech and Biomanufacturing Hub; requests that the Commission provide further guidance to EU biotechnology and biomanufacturing companies and the Member States with regard to the Net-Zero Industry Act[1] and the new Clean Industrial Deal in terms of permitting and financing, and to consider the creation of supporting hubs, in order to improve guidance and advice to companies navigating through the regulatory framework;

    10. Calls on the Commission to urgently streamline, simplify and shorten the time required for authorisation procedures, particularly approval time frames, for biotechnology materials and products throughout their manufacturing- and life-cycles, and to facilitate the market uptake of bio-based solutions, including the provision of pre-authorisation guidance, while maintaining a risk- and science-based approach, particularly in the context of its regular review of EU agencies such as the European Food Safety Authority, the European Medicines Agency and the European Chemicals Agency; calls on the Commission to ensure that the relevant EU agencies are adequately resourced, to enhance their capacity for conducting authorisation procedures in a timely manner;

    11. Calls on the Commission to consider the possibility of a simplified approvals procedure for biotechnology products that have already been approved by trusted regulatory bodies in like-minded countries with EU-equivalent standards;

    12. Calls on the Commission to consider simplifying labelling practices, such as the use of QR codes, and ensure fair market conditions between biotechnology and other products, such as marketing and advertising, without compromising consumer safety or access to relevant consumer information;

    13. Recalls that harmonised, predictable, future-proof and internationally competitive IP and data protection rules for biotechnology and biomanufacturing patents are essential for the development of the industry, resilient supply chains and sustainable economic growth; underlines the importance of improving IP protection rules by longer terms for patented technologies to strengthen the EU’s competitiveness, foster innovation and the EU’s strategic autonomy, protect cutting-edge technologies, reward long-term investments, and support high-risk research; considers that a coherent, robust and future-proof IP framework is essential; welcomes, in this regard, the EU’s recently established unitary patent system;

    14. Calls for a common clinical trials framework with streamlined approval procedures across the Member States to minimise administrative burdens and delays, and which allows for the use of real-world evidence for biotechnology therapies; asks the Commission to present the current situation in this regard, as well as potential improvements; calls for the swift implementation of the Clinical Trials Regulation[2] and the use of the EU’s Clinical Trials Information System;

    15. Underlines the strategic importance for the EU of a strong biotechnology ecosystem to support R & D, manufacturing, and patient access to innovative medicines; points out that biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for both off-patent and innovative medicines;

    16. Recommends using the next generation of regulatory sandboxes to assess the specific impacts and possibilities of emerging biotechnology and biomanufacturing applications, ensuring that new technologies can be trialled in a controlled but flexible and future-proof regulatory environment; stresses the importance of ensuring that EU policy takes account of technological and scientific developments to safeguard the EU’s global competitiveness;

    17. Recommends developing a strategy to support biotechnology and biomanufacturing companies transitioning from the regulatory sandbox regime to full market access; requests that the strategy include, but not be limited to, support mechanisms, regulatory assistance and guidance on compliance with EU legislation;

    The need to promote the advantages and specificities of the biotechnology and biomanufacturing industry

    18. Underlines that effectively scaling up biotechnology and biomanufacturing in the EU hinges on a robust, competitive and circular bioeconomy; calls on the Commission to present an updated bioeconomy strategy, which takes account of current challenges and reinforces the bioeconomy’s industrial dimension and its links to biotechnology and biomanufacturing, incentivising the development and production of sustainable, innovative, high-value added bio-based materials, products and solutions, to contribute to EU competitiveness and strategic autonomy;

    19. Acknowledges the important role biomass plays in biomanufacturing; recalls, in this regard, the importance of adopting an approach open to different sustainable biomass technologies grounded in robust analysis, and with the aim of enhancing feedstock access and use, as well as harnessing international supply chains, while aiming to avoid unintended environmental externalities;

    20. Underlines the need to account for the specificities of biogenic carbon, bio-based products and processes, and to differentiate them from petrochemical and fossil-based products, in the context of EU and national chemical, materials and environmental legislation;

    21. Points out that essential components, such as enzymes, lactic acid bacteria and other microorganisms, run the risk of being prohibited or unduly disincentivised by EU regulations primarily designed for petrochemical and synthetic substances, such as the REACH Regulation[3];

    22. Is concerned that the European Investment Bank (EIB)’s interpretation of sustainability criteria under the EIB Group Paris alignment framework may result in access to funding for bio-based materials and projects being denied; asks the Commission to examine relevant definitions accordingly and encourage biotechnology- and biomanufacturing-friendly interpretations; calls on the EIB to propose de-risking instruments for biotechnology and biomanufacturing, in order to raise capital; calls, moreover, on the EIB to improve outreach, advisory support and information on financing instruments and opportunities for eligible biotechnology and biomanufacturing projects, in particular SMEs, start-ups and scale-ups;

    23. Underlines the benefit and contribution of bio-based products and processes to the EU’s CO2 reduction objectives, which, given the potential of these products to increase sustainability and lower the EU’s environmental footprint, need to be reflected in respective life cycle assessments, information for consumers and public procurement;

    24. Considers that, in order to accelerate the substitution of fossil-based feedstocks, the market demand and market uptake of sustainable bio-based products could be further incentivised in the EU; considers that bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of various products, contributing to the EU’s emissions reduction, resource efficiency and strategic autonomy; in this context, recalls the commitment in the EU’s Competitiveness Compass to develop policies to reward early movers; considers that coherent and adequate sustainability criteria should be ensured for biomass;

    25. Underlines the importance of upholding the EU’s high standards of food and consumer safety and the potential of biotechnology applications when assessing biotechnology applications in food and feed to protect consumer health, assess impact on circularity and sustainability, and to consider social, ethical, economic, environmental and cultural aspects of food innovation; calls on the Commission to identify smooth routes to market for safe applications of biotechnology in food products, while reiterating that such biotechnology applications need to be properly examined, prior to any future authorisation and subsequent placing on the EU market, including gathering toxicological information and clinical and pre-clinical studies where relevant, and ensuring traceability;

    26. Underlines that biosecurity risks, including bioethical considerations, must be addressed in conjunction with biotechnology and biomanufacturing innovation, ensuring responsible access to and use of synthetic biology tools, genetic editing technologies and biological materials; calls for the establishment of an EU biosecurity registry for synthetic DNA, benchtop synthesis equipment and genetic engineering tools, improving transparency and risk-assessment mechanisms, in consultation with relevant stakeholders, such as industry and civil society, and while ensuring sensitive data is adequately protected; stresses the importance of EU strategic autonomy in biotechnology supply chains, ensuring that critical biomanufacturing inputs and expertise remain within Europe; calls for stronger international cooperation on biosecurity standards, including mandatory international screening standards, ensuring that EU-based biotechnology and biomanufacturing companies benefit from global best practice while maintaining competitiveness;

    27. Urges the Commission to conduct a study on biological materials and to present an updated communication and an action plan on chemical, biological, radiological and nuclear risks, in particular regarding bioterrorism and bio-risks;

    Horizontal issues

    28. Underlines the importance for supply chain security of ensuring a sufficient, stable and competitive supply of feedstock, raw materials and essential components, such as sustainable biomass and enzymes for biotechnology and biomanufacturing companies; calls for potential risks, gaps and dependencies to be closely monitored while safeguarding company-sensitive data and the functioning of the internal market;

    29. Stresses the importance of developing EU raw material value chains and manufacturing, and enhancing self-sufficiency where possible, while also fostering strategic partnerships and cooperation with like-minded non-EU countries to secure resilient and diversified access to critical inputs of biotechnology and biomanufacturing industries in the EU;

    30. Stresses that, in an increasingly tense geopolitical context, biotechnology and biomanufacturing should be fully leveraged to strengthen the EU’s strategic autonomy, enhance food security and reduce dependence on non-EU countries; highlights the need to stimulate market demand and uptake of bio-based products to boost the growth, competitiveness and sustainability of the EU biotechnology and biomanufacturing sector;

    31. Notes that the scale-up and commercialisation of research results remains a major challenge in the EU, and stresses the need to improve knowledge and technology transfer between academia and industry to ensure that EU-funded biotechnology and biomanufacturing research leads to commercial applications and industrial deployment; highlights the importance of strengthening public-private collaboration and supporting universities and research institutions with high levels of technology transfer, spin-offs, and start-up creation, for example by applying the CERN model of building start-up studios within research institutions; calls for strategic investments in shared EU infrastructure – such as pilot facilities, biobanks or innovation accelerators – to support the scale-up of prototypes and the market uptake of innovative biotechnology and biomanufacturing solutions; underlines that innovation cannot solely take place for short-term economic benefit, and that biotechnology and biomanufacturing innovation should be driven through a bottom-up approach under a standalone and long-term framework programme; calls on the Commission to facilitate the creation of world-leading research hubs for biotechnology and biomanufacturing to drive innovation and collaboration between academia, industry and venture capital; emphasises the need for robust physical testing facilities in the biotechnology and biomanufacturing sector to drive innovation and facilitate the production and market access for SMEs and start-ups;

    32. Stresses the need to ensure access to affordable energy for biotechnology and biomanufacturing operators, given the high energy intensity of large-scale biological production processes; underlines the importance of facilitating the authorisation and validation of large industrial plants, such as bioreactors, which are essential for scale-up but also face significant construction and operating risks; welcomes the latest revision of the Renewable Energy Directive[4] and its provisions to simplify permitting procedures, and calls on the Member States to swiftly implement relevant measures to support the deployment of biotechnology and biomanufacturing infrastructure;

    33. Underlines the need for a skilled and diverse European workforce in the biotechnology and biomanufacturing sector and for the promotion of entrepreneurial skills, in close collaboration with industry and research institutions; calls for increased investment in biotechnology and biomanufacturing education and targeted professional training, including in but not limited to areas such as regulatory compliance, quality assurance and process engineering; supports the development of competence centres and public-private training initiatives across all Member States to enable upskilling, reskilling and lifelong learning to safeguard the attractiveness of the biotechnology and biomanufacturing industry; highlights the importance of adapting educational curricula to the evolving needs of the sector, and of promoting science, technology, engineering and mathematics (STEM) subjects, with a particular focus on attracting more girls and women into biotechnology and biomanufacturing careers; encourages more public awareness about career opportunities in the field to attract talent from non-EU countries and suggests exploring the potential for transatlantic cooperation; welcomes the recently launched Choose Europe for Science pilot scheme to attract top non-EU researchers, scientists and academics to Europe;

    34. Calls for the urgent completion of the capital markets union to attract institutional investors to the biotechnology and biomanufacturing industry, including venture capital, pension funds and private equity; underlines that the sector is characterised by high levels of risk and that reducing the cost of investment failure in the EU is necessary for attracting large-scale capital investment; calls for dedicated support to ensure that biotechnology and biomanufacturing SMEs, start-ups and scale-ups can access sufficient funding and compete globally; stresses that cross-border investment barriers must be reduced to facilitate investment in biotechnology and biomanufacturing scale-ups;

    35. Notes that public-private partnerships and mission-driven EU investment strategies, such as the Circular Bio-based Europe Joint Undertaking, are essential for de-risking biotechnology and biomanufacturing innovation and for increasing the likelihood that IP and industrial capacity remain in Europe; urges EU investment instruments, such as the InvestEU programme, to be strengthened to support biotechnology and biomanufacturing projects considered as high-risk from an investment perspective; underlines that the sector is characterised by a high concentration of SMEs, which face disproportionate barriers in accessing capital despite being critical drivers of innovation; supports the exploration of a biotechnology Important Project of Common European Interest to facilitate industrial deployment and first-mover investments in bio-based chemicals, materials, and products and solutions;

    36. Notes that public awareness of biotechnology and biomanufactured products in the EU should be further strengthened to boost public acceptance; recommends engaging with citizens and civil society organisations to communicate the characteristics, benefits and implications of the growing presence of biotechnology-based products and services in the European market;

    Future-proof research and innovation

    37. Regrets that European private investment in research, development and innovation is lagging behind other major economies and that the scale-up and commercialisation of research results remain a major challenge in Europe; highlights the fact that European and national public systems for R & D funding remain complex and insufficiently coordinated, resulting in duplications and inefficiencies; calls for an EU-wide approach to coordinating public investment in R & D for biotechnology and biomanufacturing, with the dual objective of closing excellence and innovation gaps and accelerating commercialisation; underlines the importance of strengthening European collaboration, pooling knowledge and resources, and leveraging public funding with private investment; recalls the key role of framework programmes such as Horizon Europe in fostering scientific excellence, innovation and technical development and calls for targeted investment in strategic biotechnology and biomanufacturing subfields, such as industrial, environmental, marine, health and agri-food biotechnology;

    38. Reiterates the call to double the EU’s research budget and to reach the target of 3 % of EU gross domestic product being devoted to R & D by 2030;

    39. Notes the growing role of synthetic biology, bioinformatics, data and game-changing AI-driven biotechnology and biomanufacturing research; calls on the Commission to integrate biotechnology and biomanufacturing innovation into the EU digital and AI strategies, ensuring interoperability between biotechnology and biomanufacturing data infrastructure and AI-driven discovery platforms; notes that AI capabilities are dependent on the efficient use of data; considers that the creation of industrial data spaces for biotechnology and biomanufacturing is important for efficient data sharing;

    40. Acknowledges that, while AI systems and quantum computing can significantly speed up research and lead to new innovations, enabling better computational designs of biological systems, they can also increase the risk of biological threats; underlines, therefore, the need to apply a risk-based approach to the use of AI in scientific research and manufacturing;

    41. Considers that the ethical use of AI, bioinformatics and synthetic biology is crucial for building trust and for society at large to benefit from these technologies; underlines the need to safeguard data privacy, data security, transparency and human oversight of the use of AI systems in the health biotechnology sector;

    42. Instructs its President to forward this resolution to the Council and the Commission.

    MIL OSI Europe News

  • MIL-OSI USA: Cantwell Statement on Senate Passage of the GOP’s Devastating Budget Bill

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    07.01.25
    Cantwell Statement on Senate Passage of the GOP’s Devastating Budget Bill
    Full final text of the disastrous bill wasn’t made available before final vote – the nonpartisan Congressional Budget Office doesn’t even know the full cost to the American people; Cantwell was able to strip provision of bill that would have effectively banned states from enforcing AI consumer protection laws
    WASHINGTON, D.C. – Just now, the United States Senate passed a budget bill 51 to 50 (with the Vice President repeatedly casting tie-breaking votes, on final passage of the bill and procedural votes). U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, issued the following statement:
    “Over the past several days, my Republican colleagues made it very clear what their mission is – to make the largest cuts in the social safety net in U.S. history in order to give away tax breaks to major corporations and billionaires.  No matter how loud the voices of our constituents, of our state and local leaders, and of our health care providers, they stuck to their script and adopted legislation that will slash about a trillion dollars from Medicaid and cut billions from SNAP,” Sen. Cantwell said. 
    “I voted against this bill that will strip health insurance from 17 million Americans. The bill that Republicans drafted in the dark of night will hit those that can least afford it the hardest.  The lowest 20% of earners will lose an average of $700 a year, far more than they will get from the tax cuts.
    “The House of Representatives should reject this disastrous legislation so Congress can come back later this month to craft a bipartisan fiscally responsible package that will support working families without adding $3 trillion to our unsustainable federal debt.”
    The finalized text of the bill passed by the Senate this morning wasn’t ever shown to Senators before Republican leadership pushed forward with the final vote. The nonpartisan Congressional Budget Office, which is typically tasked with calculating the financial impact of any major piece of legislation, has not had time to give the bill a score. Prior to scheduling the vote, Senate Republicans refused to hold final meetings with the Senate Parliamentarian – tasked with ensuring that the language in bills follows certain rules and procedures that govern the Senate. Instead, the Parliamentarian had to make decisions on some provisions in a matter of minutes from the Senate floor.
    Sunday night, Sen. Cantwell delivered a speech on the Senate floor to highlight how various provisions included in the 940-page document ultimately sell out the American people. That speech can be watched in full HERE; a transcript is HERE.
    Hours before this morning’s final vote, shortly after 4 a.m., the Senate voted 99-1 in favor of an amendment co-sponsored by Sen. Cantwell and Sen. Marsha Blackburn (R–TN) to strip a ten-year moratorium on state AI regulations from the Republican budget reconciliation bill.  The Senate’s consideration of the bill, known as a votearama in the Senate, set records for the number of debate votes and the length of the debate, and the Senate stayed in session all night as Sen. Cantwell and her colleagues fought to improve the bill.
    “The Senate came together tonight to say that we can’t just run over good state consumer protection laws,” Sen. Cantwell said. “States can fight robocalls and deepfakes and provide safe autonomous vehicle laws. This also allows us to work together nationally to provide a new federal framework on Artificial Intelligence that accelerates U.S. leadership in AI while still protecting consumers.” 
    For weeks, Sen. Cantwell raised alarms over the provision which would have forced states to make an impossible choice between enforcing AI consumer protections or accepting federal BEAD funding to expand broadband access. Despite several revisions by its author and misleading assurances about its true impact, state officials from across the country, including 17 Republican Governors and 40 state Attorneys General, as well conservative and liberal organizations – from the Heritage Foundation to the Center for American Progress – rallied against the harmful proposal. On June 18, Sen. Cantwell hosted a virtual press conference alongside Sen. Blackburn to underscore the impacts to Americans across the country if Congress were to pass the moratorium on state AI legislation.

    MIL OSI USA News

  • MIL-OSI USA: Capito Votes to Pass Republican Reconciliation Bill

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Republican Policy Committee (RPC), released the below statement following the passage of the Republican Reconciliation bill:
    “The Republican Reconciliation bill is a clear reflection of our priorities: securing our borders, rebuilding our military, preventing the largest tax increase in U.S. history, and unleashing American energy. I was proud to vote in favor of this commonsense legislation that not only delivers on the promises we’ve made to the American people, but will put West Virginia and our entire nation on a path to greater economic growth, national security, energy independence, and opportunity,” Senator Capito said.
    Senator Capito, who also chairs the Senate Environment and Public Works (EPW) Committee, led efforts to craft legislative text for the reconciliation bill within the EPW Committee’s jurisdiction. Click HERE for more details on this portion of the bill, including a one-pager, highlights, and a section-by-section.
    Additional West Virginia wins included in the legislation are below:
    Extends the Hydrogen Tax Credit (45V) until January 1, 2028, which will save Hydrogen Hubs across the country, including West Virginia’s ARCH2 project and the thousands of jobs that it will bring to West Virginia.
    Permanently restore 163j interest deductibility beginning after December 31, 2024, which will provide West Virginia’s small business owners the tools they need to compete, grow, and hire.
    Adds metallurgical coal as a critical mineral to 45x, which will have a significant impact on Southern West Virginia.
    Provides historic investments to strengthen America’s border security and immigration system, something that Senator Capito has long-championed during her time in the Senate, including during her many years as the top Republican on the Homeland Security Appropriations Subcommittee.
    Supports law enforcement officers by providing funding for training and equipment, hiring, and critical grant programs.
    Provides resources to help curb the opioid crisis, particularly the fight against fentanyl, by increasing funding to the U.S. Department of Justice to support efforts to combat deadly drug trafficking.
    Provides funding to the Federal Aviation Administration (FAA) for the acquisition, construction, sustainment, and improvement of air traffic control (ATC) facilities and equipment.
    Sustains safety net programs like Medicaid and SNAP over the long-term. Specifically, the legislation puts Medicaid back on a more fiscally stable trajectory for those who need it.
    Invests significant funding in a rural health transformation program to improve access to care and stabilize critical hospitals and other providers.
    Creates a relief fund for rural hospitals, helping to support their critical services and those they serve in rural communities like the many throughout West Virginia.
    Establishes investment accounts for newborns to secure financial futures for every American child from birth.
    Provides $25 billion to replenish and increase stockpiles of critical munitions, including many that have key components manufactured at sites like Allegany Ballistics Laboratory in Mineral County, W.Va.
    Provides $500 million to support the readiness of National Guard units.
    Provides $100 million to accelerate production of the MQ-25 Stingray unmanned refueling drone, of which key components are manufactured in Harrison County, W.Va.
    Provides $1 billion for U.S. Department of Defense (DoD) support to border security missions and counterdrug enforcement to protect West Virginians from drug trafficking and fentanyl.
    Provides $9 billion to support service members and their families, including improvements to housing, healthcare, child care, and education benefits.
    Enhances the Child and Dependent Care Tax Credit (CDCTC), a tax credit that helps working parents offset the cost of child care.
    Establishes workforce Pell, which will allow students across West Virginia to utilize the Pell Grant to obtain certificates and credentials through short term programs, something Senator Capito has long-advocated for.
    Improves the Employer-Provided Child Care Credit (45F), which supports businesses that want to help provide child care for their employees.
    Expands the Dependent Care Assistance Plans (DCAP), which are flexible spending accounts that allow working parents to set aside pre-tax dollars to pay for child care expenses.
    Invests in rural America by providing significant funding for competitive grants to assist in the construction, alteration, acquisition, modernization, renovation, or remodeling of agricultural research facilities under the Research Facilities Act—something that various institutions of higher education throughout West Virginia support.

    MIL OSI USA News

  • MIL-OSI USA: Lankford Secures Major Wins for Oklahoma Families, Energy Producers, and Small Businesses in One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Oklahoma James Lankford
    WASHINGTON, DC — US Senator James Lankford (R-OK), a member of the Senate Finance and Homeland Security Committees, released the following statement after the passage of the One Big Beautiful Bill, which delivers the largest tax cut in history for hardworking Americans, secures the border, strengthens Medicaid program integrity, and rebuilds the military, all while cutting out-of-control spending.
    “This is a big, beautiful win for Oklahoma families, workers, seniors, and small businesses,” said Lankford. “This bill halts the largest tax increase in history, secures the border, and contains the most significant entitlement reform in years. I fought to make sure Oklahoma values were reflected in this package – protecting charitable giving, supporting energy jobs, and making it easier for businesses to grow and hire American workers.”
    Lankford secured key wins in the One Big Beautiful Bill to support Oklahoma families, job creators, and charitable giving.
    He secured the charitable deduction for non-itemizers, allowing couples to deduct up to $2,000 in donations. This will help more Americans support local churches, charities, and non-profits.
    Lankford also led the repeal of the Biden administration’s tax penalty on oil and gas producers by restoring key investment deductions. This will allow energy producers to reinvest, create jobs, and keep energy prices stable.
    He also worked to make full, immediate expensing permanent so businesses can deduct the full cost of equipment and technology up front. This will drive expansion, innovation, and job creation across Oklahoma. 
    Background
    Lankford has been outspoken on what it would have meant for Oklahomans if the One Big Beautiful Bill hadn’t passed the Senate and if President Trump’s 2017 Tax Cuts expire:
    A staggering 63,000 jobs were projected to be lost.
    The average Oklahoma family faced a $2,013 tax increase.
    Nearly 449,000 households would have seen their child tax credit reduced by 50%.
    Over 233,000 small business owners would have been hit with significant tax hikes.
    More than 1.5 million families would have had their standard deduction cut in half.
    To read more about how this bill helps families, seniors, the vulnerable and disabled, farmers and ranchers, small businesses, as well as strengthens our national defenses, unleashes American energy, and secures the border, see below: 
    How this bill helps families
    This bill delivers the largest tax cut in history, which will result in higher wages and higher take home pay. This is also the most substantial entitlement reform in years, which will help our safety net programs stay viable for those in need.
    The average family will save about $5,000 in additional taxes next year.
    There will be no tax on tips, an increased standard deduction for seniors, no tax on overtime, and a tax break for those who buy new cars made in America.
    This bill will also give families $2,200 per child up to 16 years old every year. It will also create a savings account for every child born between 2025 and the end of 2028 – each account would start with a $1,000 deposit that parents can invest for their kids, giving kids a financial boost from birth.
    In Oklahoma, the long-run wage increase is projected to go from $4,800 to $9,100 according to the Council of Economic Advisers.
    In Oklahoma, the take-home pay increase for a family of four is projected to go from $6,500 to $10,800 according to the Council of Economic Advisers.
    This bill also expands the adoption tax credit and indexes it for inflation. It also allows for tribal governments to decide when a child qualifies as having special needs to extra help under the credit. When adoption can cause as much as $60,000, this tax credit will make it easier for families to welcome a child in need into their lives and homes.
    Police officers, firefighters, truckers, linemen, and others who work overtime will take home an average of more than $1,300 a year because of the no tax on overtime in this bill.
    Those who buy a new American-made car will be able to write off some of the interest from their car loan, which will help families and American manufacturing.
    How this bill helps seniors
    Seniors who make less than $75,000 as an individual or a couple who makes less than $150,000 will see a $6,000 increase in their standard deduction regardless of whether they are receiving Social Security yet or not.
    How this bill helps vulnerable and disabled patients
    This bill is good news for vulnerable and disabled patients because it protects the aged, blind, and disabled from changes to Medicaid. It also blocks Biden’s nursing home staffing mandate that threatened rural care facilities, it boosts physician payments to offset cuts that the Biden administration had implemented, and it ensures continued access to care and incentivizes innovation, especially for those with rare diseases or who need access to telehealth options. It also prohibits tax dollars from going to Planned Parenthood through Medicaid.
    How this bill helps farmers and ranchers
    This bill delivers wins for rural America by expanding the farm safety net, strengthening crop insurance, and supporting agricultural trade. The bill also restores accountability in nutrition programs and ensures food assistance serves Americans in need, not illegal immigrants. 
    This bill would keep two million family farms safe from the death tax by making permanent death tax exemptions from the 2017 Trump Tax Cuts and Jobs Act.
    How this bill incentivizes giving to charity
    Sen. Lankford was proud to lead on restoring a tax deduction for non-itemizers – up to $2,000 per couple – which will help more Americans support charities, houses of worship, and non-profits, especially those that serve the most vulnerable. 
    How this bill helps energy production
    Sen. Lankford also led a repeal of the Biden administration’s unfair tax penalty on oil and gas producers by restoring key investment deductions, which will allow domestic energy producers to reinvest, create jobs, and keep energy costs stable. 
    How this bill helps businesses
    Sen. Lankford worked to make full, immediate expensing permanent, so businesses can deduct investments like equipment and technology up front, which will help fuel job creation and business expansion.
    How this bill cracks down on illegal immigration
    This bill devotes $160 billion to hire more Border Patrol Agents, more ICE officers, and to finish the border wall and invest in technology to secure the border.
    How this bill helps our air traffic control system
    The bill invests $12.5 billion to modernize America’s air traffic control system, by replacing outdated equipment, upgrading safety infrastructure, and expanding controller training so we continue to have the safest skies in the world. 
    How this bill strengthens our national defense
    This bill provides $150 billion to strengthen our military, rebuild our defense industrial base, and support border security missions. It also funds the Golden Dome initiative, boosts efforts to counter China, improves the quality of life for our servicemembers, invests in the tools needed to improve Pentagon accountability and delivers a clean audit.

    MIL OSI USA News

  • MIL-OSI USA: Cornyn Statement on Senate Passage of President Trump’s One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senator John Cornyn (R-TX) released the following statement after the Senate passed the One Big Beautiful Bill:
    “By passing the One Big Beautiful Bill, the Senate has delivered on President Trump’s hallmark legislative priority of his second term,” said Sen. Cornyn. “This bill puts Texans first by avoiding a massive tax increase on hardworking families, making historic investments to help secure our southern border, reducing financial barriers for Texans exercising their Second Amendment rights, and other priorities I have championed like reimbursing Texas for Operation Lone Star and allowing for the movement of the Space Shuttle Discovery to its rightful home in Houston. I was proud to cast my vote in strong support of this significant legislation, and I urge the House to swiftly send it to President Trump’s desk to become law so we can Make America Great Again.”
    Background:
    The One Big Beautiful Bill contains the following provisions championed by Sen. Cornyn:
    $13.5 billion to reimburse states like Texas for stepping up and trying to secure the southern border during the Biden-Harris administration;
    Language that would result in the consideration of movement of the Space Shuttle Discovery from Virginia to its rightful home near the National Aeronautics and Space Administration’s (NASA) Johnson Space Center (JSC) in Houston;
    A modified version of his Small Business Investment Act, which would make it easier for small and start-up businesses to access the financing they need to grow and succeed;
    Provisions from his Feral Swine Eradication Act to provide $105 million to the Feral Swine Eradication and Control Pilot Program;
    And the reduction of burdensome taxes on certain firearms and silencers to $0.
    It also includes the following tax provisions to benefit Texas families:
    Prevents a more-than $3,000 tax hike on the average Texas family;
    Protects more than half a million Texas jobs from being lost;
    Ensures more than 3.7 million Texas households’ child tax credit is not cut in half;
    Shields more than two million Texas small business owners from a massive tax hike;
    Makes sure more than 12 million Texas families’ standard deduction is not cut in half;
    Establishes work requirements for able-bodied adults who are choosing not to work and do not have dependent children or elderly parents in their care;
    And ensures no taxes on tips or overtime for millions of tipped and hourly workers.
    The bill also makes historic investments in border security through the following provisions:
    $46.5 billion for U.S. Customs and Border Protection (CBP) to build the border wall and associated infrastructure like access roads, cameras, lights, and sensors;
    $4.1 billion for a border personnel surge;
    $45 billion for the detention of illegal migrants;
    $6.1 billion for improvements to surveillance at the border;
    Funding for the U.S. Department of Homeland Security (DHS) to increase staffing and enhance migrant screening and vetting processes;
    Resources for Immigration and Customs Enforcement (ICE) to increase recruitment, onboarding, and retention of ICE staff;
    Funding for the U.S. Department of Justice (DOJ) to hire more immigration judges and staff to address the yearslong backlog of immigration cases and to investigate and prosecute immigration matters;
    And additional resources for law enforcement officers who put their lives on the line to keep our communities safe.

    MIL OSI USA News

  • MIL-OSI United Nations: General Assembly Endorses Nice Ocean Conference Declaration, Adopts $5.38 Billion Peacekeeping Budget

    Source: United Nations 4

    The General Assembly today endorsed the political declaration of the United Nations Ocean Conference, which establishes multilateral ocean governance.  It also adopted the $5.38 billion peacekeeping budget for the year starting 1 July. 

    Titled “Our Ocean, Our Future:  United for Urgent Action” (A/79/L.97), the declaration was adopted by acclamation at the close of the Conference held earlier this month in Nice, France.  However, today’s formal endorsement by the 193-member Assembly required a recorded vote, with 162 in favour to 1 against (United States), with no abstentions.  

    Several delegations objected to the vote, with the representative of France, co-host of the Conference along with Costa Rica, highlighting its strong political declaration and robust initiatives for the future as “a victory for the ocean”.  “The ocean doesn’t know borders” and neither should “our efforts to protect it”, said Costa Rica’s delegate, noting his country’s “steadfast” commitment to protecting the oceans.  He welcomed the momentum generated at the Conference for an early entry into force of the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement).  He also hailed promises to accede to the World Trade Organization (WTO) agreement to end subsidies for overfishing and decisive support for a plastic pollution convention as soon as possible.

    Brazil’s representative noted that the seas are “the planet’s main climate regulator” but “are running a fever”, while Australia’s delegate saw the adoption of this text as a testament to a collective commitment to address the urgency of climate change, biodiversity loss, and ocean pollution.  The United States’ delegate said the focus on implementing Sustainable Development Goal 14 is inconsistent with its position on the 2030 Agenda for Sustainable Development.

    Iraq’s delegate, speaking for the Group of 77 and China, noted that implementing Goal 14 requires more ambitious financial action, fulfillment of commitments made through intergovernmental agreements, and increased resources for small island developing States (SIDS) and least developed countries. 

    For her part, Venezuela’s delegate noted she had joined the consensus, while reiterating that it was not a party to the United Nations Convention on the Law of the Sea, which is “not the only single legal and regulatory framework for oceans and seas” — a position echoed by representatives of Iran, Türkiye, and El Salvador.

    Meanwhile, Argentina’s representative disassociated his delegation from all paragraphs referring to the 2030 Agenda and the Pact for the Future, as well as all paragraphs contradicting the guiding principles of the protection of life, liberty, and private property. 

    The Russian Federation’s delegate disassociated from the consensus on paragraph 26 of the declaration, which emphasizes the importance of the early entry into force of the BBNJ Agreement.  The instrument would undermine the provisions of the Convention on the Law of the Sea and the Agreement on Straddling Fish Stocks, with its norms allowing for impingement on the mandates and competencies of fisheries organizations.

    Japan’s representative hailed the adoption as “not the end but just the beginning of our renewed commitment to achieving SDG 14”, while Singapore’s delegate stated that the Convention on the Law of the Sea remains the “constitution for the oceans”, calling on Member States to fully respect it. 

    $5.38 Billion Budget for Peacekeeping Operations

    Acting on the recommendations of its Fifth Committee (Administrative and Budgetary), the Assembly also allocated a budget of $5.38 billion to 11 UN peacekeeping operations, the support account for these operations, the Regional Service Centre in Entebbe, and the Logistics Base in Brindisi.  These resolutions were adopted without a vote, with the exception of the resolution on the United Nations Interim Force in Lebanon (UNIFIL) (A/C.5/79/L.36/Rev.1), which was adopted by 147 votes in favour to 3 against (Argentina, Israel, United States), with 1 abstention (Paraguay), after an oral amendment proposed by Israel was rejected by 5 votes in favour (Argentina, Canada, Israel, Paraguay, United States) to 83 against, with 57 abstentions. 

    The Assembly further adopted a draft resolution on the “Comprehensive review of the whole question of peacekeeping operations in all their aspects” (A/79/424/Add.1), which was approved and forwarded by its Fourth Committee (Special Political and Decolonization).

    Tackling Illicit Trafficking in Wildlife

    The Assembly then adopted, by 157 votes in favour to 1 against (United States), with no abstentions, a draft resolution (A/79/L.96) submitted by the representative of Germany, by which the Assembly urges Member States to reinforce their efforts and adopt effective measures, as necessary, including by using special investigative techniques, consistent with article 20 of the United Nations Convention against Transnational Organized Crime, to prevent, investigate, prosecute and punish crimes that affect the environment, such as illicit trafficking in wildlife and wildlife products, which encompasses poaching and illegal harvesting of timber, including fauna and flora as protected by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.

    Speaking in explanation of position, the United States delegate noted that the text contained matters that “should be discussed in Vienna-based anti-crime fora rather than in the General Assembly”. Further, he opposed the use of the term “gender mainstreaming,” insisting on the “biological reality of sex”. For his part, Argentina’s representative dissociated his delegation from all paragraphs concerning the 2030 Agenda and those that go against the protection of life and private property, including preambular paragraphs 1, 2, 18, 34 and operative paragraph 27.

    Promoting Interreligious, Intercultural Dialogue, Tolerance in Countering Hate Speech

    The Assembly also adopted a draft resolution (A/79/L.98) on combating hate speech, introduced by Morocco, by a recorded vote of 111 in favour to 1 against (United States), with 44 abstentions.  By the text, the Assembly called upon Member States to increase understanding about the spread and impact of hate speech, while continuing to adhere to relevant international human rights law obligations, as well as relevant United Nations instruments, in particular the Rabat Plan of Action.  Further, the Assembly called upon digital technology companies and developers to continue to develop solutions and publicly communicate actions to counter potential harms, including hate speech, bias and discrimination, from artificial intelligence-enabled content, including such measures as ensuring data integrity, incorporation of safeguards into artificial intelligence model training processes, identification of artificial-intelligence-generated material, authenticity certification for content and origins, labelling, watermarking and other techniques.

    Poland’s delegate, speaking for the European Union, whose members abstained from voting, emphasized that freedom of belief and religion applies to individuals, not objects or symbols, expressing reservations about preambular paragraph 14.

    The wording of that paragraph presents “serious concerns” in terms of freedom of expression and religious pluralism, noted the representative of Costa Rica, which further emphasized that combating hate speech cannot be achieved at the expense of freedom of expression.

    Hungary’s delegate indicated she could not support operative paragraph 23, which highlights one specific group, migrants, while the representative of the United Kingdom, who also abstained, refused to consider a text criticizing religion as incitement to hatred.

    Any restriction on freedom of expression must be circumscribed by law, necessary, and proportionate, argued Switzerland’s delegate, emphasizing that human rights protect individual beings, not religions or objects.  Furthermore, defamation of religions or religious defamation are not legal concepts recognized under international law.  For all these reasons, she voiced regret over the wording of preambular paragraph 14.

    For his part, Brazil’s delegate dissociated itself from paragraphs 11, 12, and 13, given that there is no agreed definition of hate speech and that this concept could be politicized.  Canada’s representative remained committed to the principle that everyone can exercise their freedom of belief and religion without fear of violence, also welcoming the attention paid to new technologies, while voicing concern over the wording of preambular paragraph 14 on acts directed against religious symbols and holy books.

    The Wiphala for Living Well in Harmony, Balance, Complementarity with Mother Earth

    The Assembly further adopted, by a recorded vote of 139 votes in favour to 2 against (United States, Israel), with 5 abstentions (Canada, Georgia, Paraguay, Peru, Türkiye), a draft resolution (A/79/L.95) introduced by Bolivia, who noted the Wiphala is “an age-old symbol born out of the deepest roots of Indigenous Peoples,” an expression of “the seven colors of the rainbow” and living in harmony with Mother Earth.  By the text, the Assembly called upon the international community to advance in the understanding, tolerance and solidarity among all peoples and cultures, and to strengthen efforts to eradicate manifestations of racism, racial discrimination, xenophobia and related intolerance, including against Indigenous Peoples, and promote respect for the diversity of their cultural manifestations, traditions, practices and knowledge systems.

    The United States representative, speaking before the vote, noted his delegation opposed the resolution’s focus on a single Indigenous community, further stating that the symbol remains controversial.  

    Mexico’s representative voiced regret that the Wiphala is limited to Bolivia and nearby regions, while Peru’s delegate pointed out that the text does not sufficiently detail the exact cultural origin of the symbol, and that the concept does not have a defined definition in a UN context. 

    While recognizing the cultural importance of the Wiphala for certain peoples of the Andean region, Canada’s delegate considered it inappropriate for the Assembly to designate a symbol specific to a geographical area as representing all Indigenous Peoples internationally.  This choice must be made by the Indigenous Peoples themselves, not by the UN, he said.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Deputy Secretary-General’s Remarks at the Opening of the Multi-stakeholder FFD4 Roundtables [as prepared for delivery]

    Source: United Nations secretary general

    Excellencies,
    Dear friends,
    One overarching message has come out strongly from this morning’s opening segment:
    Sustainable development has slowed and the assumption of future progress can no longer be assured.
    Countries across the globe are struggling to fulfill their development aspirations, exacerbated by an increasingly challenging global environment.
     As many speakers have stressed, to overcome this crisis we need large-scale investments in sustainable development. That must be combined with the reset of systems and governance that puts countries in the driving seat to implement their national plans.
    Building on the Addis Ababa Action Agenda, the Seville Commitment sets out a renewed impetus for a financing framework to deliver on the SDGs.
    The multi-stakeholder roundtables, starting this afternoon, are an opportunity for leaders, ministers, and other stakeholders to propose how they plan to implement the Sevilla outcome, across six priority areas.
    Excellencies,
    First, we must explore how to strengthen the mobilization of domestic resources.
    This means all countries raising revenue ratios to at least 15 per cent, fighting illicit flows, and better aligning fiscal systems with sustainable development.  
    This will require domestic action combined with international support. I am excited to hear your perspectives in the upcoming session this afternoon.
    Second, we must consider how we can fully tap the potential of private sector investment and innovation for sustainable development.
    The Sevilla Commitment puts the focus of private capital mobilization on both quantity and quality. I look forward to hearing how public and private actors intend to work together – to mobilize private investment at scale and to achieve the greatest impact.
    Third, amid falling aid budgets, we need to work towards a revitalized and reformed development cooperation architecture.
    An architecture that facilitates a shift from development assistance to investing in development. That counters growing fragmentation.  And that incorporates all actors while placing developing countries at the center.
    Fourth, with the global trading system under threat, we must send a strong signal – that supports the role of trade as an engine for development.
    The Sevilla Commitment puts forward actions to leverage trade’s role, particularly for the most vulnerable countries, and including in strategic markets – such as critical minerals.
    Fifth, the Sevilla Commitment provides an ambitious set of actions to remake the debt architecture.
    As one of the most critical deliverables of this conference, I look forward to hearing how stakeholders will urgently take forward these actions, as a priority. 
    It is imperative that we take steps to ease the burden of debt service on struggling economies. That we expedite the restructuring process when debt crises occur. And that we prevent crises from unfolding in the first place.
    Last but not least, we must explore reform of the international financial architecture.
    We need an architecture that is both effective and inclusive, in which the voices of all countries are represented.
    The Seville Commitment builds on the Pact for the Future, agreed by Heads of State at the UN General Assembly last September, and makes strides toward a more equal and just system for all countries.
    Excellencies,
    I commend you for coming to share your perspectives on transforming these ambitious commitments into reality, including within your countries.
    And I look forward to the discussions to follow.
    Thank you.  
    ***

    MIL OSI United Nations News